Investors added $27.7 billion to long-term open-end funds in October, according to data fromMorningstar. Taxable-bond funds led the way with inflows of $29.6 billion, while U.S.-stock funds saw outflows of $8.3 billion.
PIMCOtopped all firms with inflows of $8.1 billion in October, led byPIMCO Total Return Bondwhich took in $2.4 billion alone. And theDoubleLine Total Returnfund 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, according to Morningstar.
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