CHICAGO, Nov. 14, 2012 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows through October 2012. Investors added $27.7 billion to long-term open-end funds during the month. Taxable-bond funds led the way with inflows of $29.6 billion, while U.S.-stock funds saw outflows of $8.3 billion.
Additional highlights from Morningstar's report on mutual fund flows:
- Investors continue to seek out higher-risk segments of the bond market. The multi-sector bond, bank loan, emerging-markets bond, nontraditional bond, world bond, and high-yield bond categories each saw inflows of more than $1.0 billion.
- PIMCO topped all firms with inflows of $8.1 billion in October, led by PIMCO Total Return Bond which took in $2.4 billion alone.
- DoubleLine Total Return took in $1.9 billion during the month and $17.9 billion year to date, making it the most popular mutual fund so far this year.
- Alternative funds have had the fastest organic growth rate of any asset class in 2012, collecting $12.4 billion in year-to-date inflows.
To view the complete report, please visit http://www.global.morningstar.com/octflows12. To view a video recapping October's U.S. asset flow trends, please visit http://bit.ly/octfundflows. For more information about Morningstar Asset Flows, please visit http://global.morningstar.com/assetflows.
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