Money poured into Pimco's giant GIS Income fund at a "gargantuan" rate over the summer, according to data provider Morningstar, taking its assets to a new record high for European mutual funds.
The €45.6bn fund — which became Europe's single largest in July — is now a full €10bn larger than its nearest competitor, AP7 Aktiefond, the default fund of the Swedish state pension system.
