By: Forbes Real Time
July 23, 2013 at 15:10 PM EDT
The Prudent Speculator's Market Commentary - July 23, 2013
Happily, more and more folks are finally coming to the conclusion that money-market funds (aka "the mattress") are not a great place for their investment dollars, while many are opening their second quarter brokerage statements to find that their heretofore safe fixed income assets have declined in value this year. And, in what would seem to be the usual investor response to recent performance trends, the latest fund-flow data from the Investment Company Institute (ICI) showed that a net $4.5 billion came into actively managed domestic equity funds in the week ended July 10, while a net $8.1 billion flowed out of actively managed bond funds.
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