Investors could be partying like it’s 1997, but many sat out

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  • Investors could be partying like it’s 1997, but many sat out
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NEW YORK – This past year was one of the best in decades for fund investors, as investments of all kinds made money. From risky funds full of stocks from developing economies to stodgy funds holding only super-safe Treasury bonds, investments around the world climbed as central banks cut rates and trade tensions between the United States and China eventually eased a bit. For all the ebullience, however, many investors jumped off the ride, or at least decided not to join in. Investors pulled money out of U.S. stock funds last year. They flocked instead to bond funds.