https://www.morningstar.com/articles/967406/bond-funds-and-vanguard-keep-taking-in-cashBond Funds and Vanguard Keep Taking in Cash
Investors continued to flock to fixed-income funds last month.
Tony Thomas, Ph.D., Nick Watson
Mentioned: Vanguard 500 Index Admiral (VFIAX), Vanguard Total Bond Market Index Adm (VBTLX)
Note: This is an excerpt from the Morningstar Direct U.S. Asset Flows Commentary for February 2020. Download the full report.
Fixed-income funds continued to take in assets in January 2020, building upon a record 2019. Taxable-bond funds collected a record $63.6 billion for the month, surpassing the old record of $59.5 billion set the month before. Taxable-bond flows accounted for nearly 77% of the $82.8 billion that entered long-term funds in the period. Records fell for municipal-bond funds, too, as investors continued to hunt for sources of tax-free income.
Guess we keep adding to bonds and portfolios