“The uninformed may be moving money from stocks into bonds still, but they are making a grave error in my opinion—there is simply no secret elixir that is going to turn a 1.7% Treasury yield into a winning investment for the next 10 years,” said Daniel Wiener, editor of The Independent Adviser for Vanguard Investors.
The last month that investors added new cash to stock mutual funds was February, the AP reports.
“Insatiable demand for income and a lingering, semi-permanent state of investment anxiety continue to drive the choices for most mutual fund investors,” said Avi Nachmany, research director at Strategic Insight, in the article.
Year-to-date, net withdrawals from stock funds total $49 billion, with about two-thirds of that amount coming over the past three months, AP said. However, international stock funds have attracted $32 billion of inflows.
In ETFs, investors have added $129 billion so far this year.