Record Cash Sent to Balanced Funds as Individuals Buy
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Investors are pumping record amounts of money into U.S. balanced funds, whose freedom to buy stocks and bonds made them barometers for gains in the biggest bull markets of the past half century.
Managers led by Capital Research & Management Co. and Invesco Ltd. received $35.2 billion from January to April, the most in any four months, according to data compiled by Bloomberg and the Washington-based Investment Company Institute, which uses the term “hybrid” to describe funds that mix equity and debt securities. Assets in the funds increased 3.6 percent, compared with 1.2 percent for those that only buy equities.