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By Gail MarksJarvis, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News
May 20--After clinging to safe bonds for two years, mutual fund investors more and more are taking a chance on risky bonds.
High-yield, or junk, bond funds have been "stealing the show," according to Lipper, a research firm that tracks investment trends.
In April, investors poured $6 billion into high-yield bond funds. For the year, the funds have attracted $15.2 billion. Safer bond funds -- like government bonds -- have only captured $300 million. Meanwhile, investors yanked money out of stock funds until April's relief rally.
High-yield bonds …