FYI: Give us our bonds!
That seemed to be the cry of fund investors in the third quarter. Despite the resilience of the stock market—and the healthy gains registered by stock funds so far in 2019—wary investors continued to send billions of dollars to the relative safety of bond funds.
U.S.-stock funds posted a slight decline for the quarter of 0.03% but remain up 18.3% for the year to date, according to Thomson Reuters Lipper data. International-stock funds posted an average decline of 1.4%, to trim their year-to-date gain to 12.8%.
Regards,
Ted
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