It's been a pretty good year for the stock market so far, which means you might expect equity mutual funds to be hauling in a lot of cash. But that hasn't been the case: During the second week of February, stock funds took in a total of $1.04 billion, down sharply from the $3.64 billion of the week before. And even that total overstates the case somewhat. Foreign stock funds took in $1.01 billion, while domestic stock funds gained only $35 million.
Meanwhile, bond funds continue to be hugely popular. For that second week of February, they took in $8.2 billion - their biggest week this year. That total was split between $6.46 billion that went into taxable bond funds and $1.73 in municipal bond funds.
Interestingly enough, hybrid funds - those that invest in a combination of equities and fixed-income instruments - continue to show real strength. They added $2.66 billion in new investments over that second week of February. For both that week and for the month as a whole, those hybrid funds have taken in more than conventional stock funds have.
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