ICI’s Reid Sees Shift to Overseas Stock Funds, Bonds (Audio)

Brian Reid, chief economist at the Investment Company Institute, says the company’s latest compilation of industry data shows investors reducing their holdings of U.S. stocks and putting more money into global funds and bonds. He says the move out of domestic equities may reflect a preference for other investment vehicles like ETF’s, and the shift to bonds is part of a long-running trend of aging investors buying more fixed income. Reid speaks with Bloomberg’s Kathleen Hays on Bloomberg Radio’s "The Hays Advantage”.

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