Another Good Month for Bonds

Inflows into bond and equity funds in June were $25.5 billion, according to the Financial Research Corporation of Boston. Close to half of these flows, $12.5 billion, went into corporate bonds, while $4.2 billion went into government bonds.

The Pimco Total Return Fund attracted $2.4 billion in June. It now has about $234 billion in assets, says FRC, and has had inflows so far this year of nearly $21 billion.

When broken down by Morningstar category, intermediate-term bonds topped the inflow list, with $4.9 billion in new investments. They have drawn $42.5 billion in inflows in the first six months of 2010, according to FRC.