'Bond boom is on' as fund inflows rise

Fixed-income funds were responsible for the lion’s share of inflows to long-term funds in the first quarter of 2012, according to a new report

Fixed-income funds were responsible for the lion’s share of inflows to long-term funds in the first quarter of 2012, according to a new report, with €37bn flowing into European funds.

Long-term funds saw a total of €50bn in new money in first three months of the year, according figures from research firm Morningstar, after investors withdrew more than €118bn from long-term funds in 2011.

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