1.   The sterling-denominated funds have recorded relatively modest gains across a narrow spread of returns.

2.   Cash flows to international stock funds have been flat, while bond funds are recording slight net inflows.

3.   He figured index funds would record competitive returns and would cost shareholders less in management fees.

4.   In fact, there have been just a few periods when stock funds recorded four consecutive years of gains, he said.

5.   In contrast, bond funds have recorded slight net inflows and money market funds saw a modest outflow.

6.   International bond funds recorded slight outflows last month, after two months of net inflows, their first such months in more than a year.

7.   Only eight Fidelity funds have recorded net redemptions year to date, according to Alpha Equity Research.

8.   The fund does record negative returns on occasion.

9.   The movement is significant because it came after equity funds recorded nine months of superb gains.

10.   These same funds are recording the biggest losses in recent days.