Investors fleeing stocks in favor of bonds despite recovery

Investors are moving more money than ever before out of stocks and into bonds.

Around $33 billion was moved out of funds owning U.S. shares this year, despite what has been touted as an economic recovery. That's the highest level compared with corporate debt yields since 1960, according to Credit Suisse data.

About $185 billion was sent to bond funds through July 31, the most ever recorded, according to the Investment Company Institute.

Investors have yanked money from U.S. equity funds in 10 of 17 months since the start of a rally in March 2009 that sent the S&P 500 up as much as 80 percent. This year's withdrawal is the biggest since 2008.