More investors drop Pimco

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.

Also check out:

Investors pulling out of Pimco

Tension and departures at Pimco

Bill Gross blasts Britain and Eurozone over austerity

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