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Metropolitan West Displaces PIMCO with Massive Bond Fund
Metropolitan West has earned top bragging rights with its Total Return Bond Fund, which has $79.4 billion in assets, displacing the PIMCO Total Return Fund as the largest fixed-income mutual fund. So reports Bloomberg.
The Metropolitan West fund is managed by prior PIMCO employees and is now larger than the $78.5 billion PIMCO fund that was previously run by legendary bond guru Bill Gross, who is now a portfolio manager with Janus.
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