Bond funds are rarely the topic of choice at the proverbial cocktail party, but they've been wildly popular with investors in recent years. Inflows into taxable and municipal bonds totaled a staggering $870 billion over the past five years, according toMorningstar estimates. Of all the mutual fund categories that Morningstar tracks, meanwhile, none has seen greater growth in assets over the past five years than that of the intermediate-term bond-fund category, which drew in $304 billion in net flows since the end of 2006, more than doubling in size. Some smaller bond categories grew at an even faster rate. The short-term bond category has grown more than 150% since 2006, for example, while the world-bond category--easily dominated by Templeton Global Bond(TPINX), which comprises more than a third of its assets--has more than doubled in size over the period. To see the table, click here: ... read more.
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