And this thought is new to you????????? Rates can't go much lower and some day they will go higher. Higher rates = lower bond values. And yet, ther retail investor continues to put money in to bond funds while they pretty much are avoiding equity funds. Yes, when the bond market starts to take a hit, I would imagine some outflows from bond funds--and we all know what is tantamount re asset managers: AUM. Will some of the funds that exit bond funds find their way to more lucrative (for the asset manager) equity funds?