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We have drawn a great deal of attention to the disproportionate inflows into global equity funds during the past two years, yet the $56.7 billion inflow into bond funds this year is even higher than the year-to-date inflow of $52.8 billion into global equity.
Based on actual flows of ETFs, actual flows of mutual funds in January and February, and estimated flows of mutual funds in March and April, global equity funds and ETFs have received $57 billion year-to-date, which is 3.3 times the $17 billion year-to-date inflow into U.S. equity funds and ETFs.
"Loans are down year to date.
Look at the year to date.
YTD: Year to date.
Year to date: Poor, especially the second half.
Year to date, it's down 12.5%.
(It's down 5.24% year to date).
TSDateAdd100 Add 100 years to date in timestamp 9.
Taxable bond funds, meanwhile, continue to charge ahead, with $43 billion in inflows year-to-date.
At their year-to-date pace, bond funds will post an inflow in 2007 far exceeding the inflow in the four years from 2003 through 2006 combined, during which time bond prices have mostly traded in a narrow range.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com