FYI: Active funds again had negative net cash flows in 2017, though less than in 2016. But there was one winner in the bunch: taxable intermediate-term bond funds. Despite the stock market charging higher and fear of a looming bond bear market, they were last year’s most popular active mutual funds. Investors poured $169 billion into active taxable bond funds, with the intermediate-term variety—often the core of fixed-income portfolios—drawing about $73 billion of that, according to Morningstar Direct.
Regards,
Ted
http://www.cetusnews.com/business/2017-Cash-Magnets--Actively-Run-Intermediate-Bond-Funds.SJUmuHQGmw4G.html
