Investors Pull $23.5B from PIMCO Bond Fund - Professional Financial Advisor

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Investors Pull $23.5B from PIMCO Bond Fund

Friday, Oct 03 2014

Markets & Investments

Written by PFA News

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Investors redeemed $23.5 billion from the Pimco Total Return Fund in September following news that “bond king” Bill Gross is leaving the firm to join Janus. So reports the Los Angeles Times.

The redemptions are a substantial escalation of outflows that started last year after the fund generated inconsistent performance.

Read the full article from the Los Angeles Times.

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