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Fund Investors Turn Conservative

Sales of bond and more-reserved stock funds pick up in February.

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Judging from the February cash-flow estimates of major fund groups, investors are acting like they have learned something about diversification over the last several tumultuous months.

Big fund companies said investors, who a year ago were buying the shares of aggressive-growth and technology funds by the tanker load, have broadened their palettes to include fixed-income and more-conservative equity offerings. "This year, you've got a lot more diversity in investors' choices," said Anne Crowley, spokeswoman for Fidelity Investments. 

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.