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Money: Are Bond Funds Next To Tumble?
Chase hot investments, and you might get burned. Investors typically pour money in at the top--think tech stocks--and mutual-fund companies play along. Now it's bond funds. After three years of solid gains, some experts are calling the peak, yet investors, spooked by stock losses, are still piling in. They moved $63 billion into bond funds this year, a stark change from 2000, when they withdrew $50 billion. Fund companies follow the money, notes Standard & Poor's. While 14% of funds opened in 2000 were bond funds, they are 33% of new funds this year, says FundFiling.com --By Barbara Kiviat
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