(MONEY Magazine) – With money-market fund yields down from 7.6% on Jan. 1 to 5.9% in early May, small investors pulled $6.5 billion out of their accounts last month and reinvested most of it in bond funds and the rest in stock funds. Mutual fund groups report that sales soared for Ginnie Mae funds, global bond funds and junk bond funds; all yield more than 8%. At IDS in Minneapolis, for instance, bond fund sales doubled in a month to $138 million. Equity funds also attracted cash, though less than in March. Overall in April, the MONEY magazine Small Investor Index rose $509 to $44,787. Stocks provided a $221 profit, bonds added $179, and CDs and money funds contributed $109.

CHART: NOT AVAILABLE CREDIT: Sources: Bank Rate Monitor, IBC/Donoghue's Money Fund Report, Investment Company Institute, Lehman Bros., Lipper Analytical Services, Merrill Lynch, Morgan Stanley Capital International, National Association of Real Estate Investment Trusts, Prudential Asset Management, Standard & Poor's, Robert Stanger & Co., World Gold Council and the Federal Reserve Board. CAPTION: Returns for the past year -- and where the money is now The average individual investor's portfolio gained $509 last month and is now worth $44,787.

CHART: NOT AVAILABLE CREDIT: Sources: Dow Jones, Lipper Analytical Services, Standard & Poor's and Frank Russell Co. CAPTION: Economic data Stock market data

CHART: NOT AVAILABLE CREDIT: Sources: Salomon Bros., the Bond Buyer CAPTION: Bond yields