Morningstar today reported that investors added $51.9 billion to long-term open-end mutual funds in February building on inflows of $87.2 billion in January.
Taxable-bond funds, which experienced inflows of $18.6 billion, topped all asset classes for the month, followed by international-stock funds, which took in $16.5 billion. Also, diversified emerging-markets funds collected $6.2 billion last month.
The research shop also noted that precious metals, money market, and most government bond funds saw outflows in February, while bank loan and emerging-markets bond offerings captured new assets. The Bronze-rated PIMCO Unconstrained Bond fund led all active funds with inflows of $2.2 billion in February, and Gold-rated Eaton Vance Floating Rate fund, with new assets of $1.1 billion, led the recently popular bank-loan category, according to Morningstar.
