(MONEY Magazine) – The scandals plaguing the mutual fund industry haven't scared off investors. When the news broke in September and October, individual investors plowed $43 billion into equity funds. By comparison, shareholders pulled some $14 billion out of stock funds during the same period in 2002. Why hasn't the brouhaha had an impact on fund flows? One reason, says Smith Barney's Hersh Cohen, is that investors are actually making money this year. The S&P 500 is up 23% since January vs. a loss of 22% in 2002. --T.K.