Not good news for mutual funds if so. Bond have been in a 32 year secular bull market since 1981, and many savvy bond gurus like Bill Gross are predicting a huge bear market. This could impact fund fees and net holdings, although some of the bond money might go into stocks.
"Not good news for mutual funds if so."
A rather general statement.
Could be bad news for both bond fund holders and bond fund shops. (I would never own a bond fund).
Good thing TROW is primarily an equity shop.
"With about three-quarters of its assets in equities, T. Rowe has increased the money it oversees for four straight years even as U.S. mutual-fund investors have shunned stocks for bonds."
What happens (is it already happening???) when bond money moves to equities?
All that said, what will the fund business look like in twenty years? ETFs have taken A LOT of dollars that, in the past, most likely would have gone to mutual funds. Mutual fund fees will have to come down which is not good for the bottom line...