Asset flows into U.S. mutual funds and exchange-traded products led a huge surge in global flows last year, Morningstar reported Monday. Worldwide flows reached nearly $2 trillion in 2017, compared with the previous year’s $835 billion, and U.S. flows accounting for an estimated $798 billion of this amount. Approximately $642 billion flowed into cross-border funds, which tend to be domiciled in tax havens and distributed in many markets, including Europe, Asia, Latin America and the Middle East. Cross-border flows experienced 13% organic growth, more than twice Europe’s 6% according to the report. Growth was also strong across emerging markets: 10% in Asia and 8% in Latin America. Morningstar said 2017 total inflows were the largest in a decade after having fallen in both 2015 and 2016. Read the original story from ThinkAdvisor.