Selling Bonds Faster Than Buying Stock -Deutsche Bank (WDR, BLK)

People are selling bonds faster than they are buying stocks, according to Deutsche Bank. In the report, Deutsche Bank notes several key factors of the broad bond and equity markets, including accelerating fixed income outflows driving modest LT outflows in December, mutual fund flows in December down due to modest long-term outflows, and long term relative investment performance remaining solid basically across the board for the covered public managers. In relation to industry, Deutsche Bank notes, "Total industry mutual fund flows for December, as reported by Strategic Insight (which excludes institutional flows but includes ETFs), were -$8.2 billion or 1% annualized organic decay, worse than November's 4% growth, but in line with the last 12-month (LTM) average of -1%." In relation to public asset managers, Deutsche Bank notes that BlackRock BLK and Waddell & Reed WDR posted the best long-term growth rates in December 2010.