Summary
- With inflation continuing to rear its ugly head (transitory or not), market participants have pushed inflation-related mutual fund classifications to the top of the charts in 2021 so far.
- Many individuals are continuing to favor fixed income funds and ETFs by injecting $465 billion of net new money year-to-date into the group over equity funds and ETFs (+$349.8 billion).
- While the average equity mutual fund has returned a handsome 14.83%, taxable and tax-exempt fixed income funds are up just 0.21% and 1.86%, respectively, year-to-date.
Seeking Alpha
Dec. 12, 2021