A Morningstar report has confirmed that investors put a priority on averting risk during 2009.

It estimated Thursday that net inflows to mutual funds totaled $377.4 billion last year, of which $356 billion went into bond funds.

Investors ran away from U.S. equity funds, which saw a full-year total outflows of $25.7 billion. But U.S. exchange-traded equity funds finished the year with $19.6 billion of net inflows.

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