More investors drop Pimco

By Staff | June 3, 2014 | Last updated on June 3, 2014
1 min read

Bill Gross’ Pimco Total Return Fund, the world’s largest bond fund, posted $4.3 billion in net outflows in May, reports Reuters.

To date, the fund’s suffered from 13 consecutive months of withdrawals despite strong performance, according to Morningstar data.

Over that period, adds Reuters, the fund’s seen $59.6 billion in outflows. Read more.

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The staff of have been covering news for financial advisors since 1998.