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BND - Despite Inflationary Concerns Investors Favor Fixed Income Funds In September
Vanguard Total Bond Market ETF
Investors continued to plow money into taxable (+$32.0 billion) and tax-exempt (+$4.8 billion) bond funds (including ETFs) for the month of September.
For the month, the average taxable and tax-exempt fixed income mutual fund posted a 0.48% and 0.75% decline, respectively, for September and are up 0.50% and 1.27% so far this year.
For the month of September, the average equity fund (-3.57%) posted its first monthly loss in 11.