Where are US retail investors putting their money? Here’s a YTD summary of mutual fund inflows/outflows:

Inflow/Outflow ($million)
 June 2010
   YTD 2010 2009
Money Market (30,818) (487,494) (378,362)
US Stock  (7,518) (16,984) (25,748)
International Stock  (328) 19,620 25,532
Balanced  (706) 7,385 (3,290)
Muni Bonds  1,988 19,524 72,123
Taxable Bonds  17,618 119,584 284,465
Commodities  823 6,010 10,224
Alternative Strategies  1,611 11,596 14,103

 
The alarming trend of buying high and selling low appears to be continuing in the fixed income space as investors pour into bond funds after a 50 year bull market with the 10-year Treasury at 2.94% barely above its lowest yield of 2.53% reached during the March 2009 panic.