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Money Surges Into Bond Funds

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Dec. 19, 2003 — Money surged into bond funds in the week ended Dec. 17, while investments in domestic stock funds slowed, according to Investment Research Inc.

Bond funds took in $3.4 billion in the latest seven-day period, compared with inflows of $800 million a week earlier.

Funds that invest primarily in U.S. stocks netted $3.9 billion, a decrease of $400 million over the previous week. International stock fund inflows rose to $900 million from $500 million in the latest week.

Hybrid funds, which invest in stocks and bonds, attracted $400 million, a decrease of $500 million from the prior week.