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European flows to bonds not a confidence vote in the euro, Morningstar warns

LONDON | Is that a global bond boom we have before our eyes? Morningstar research said the latest European asset flow data showed that long-term funds enjoyed a strong first quarter this year, receiving more than €50 billion of new investor assets. Of this, more than 70 per cent went to fixed-income funds, while equity funds, by contrast, had net redemptions for March and only slightly positive inflows between January and March….