- The bounce in fixed-income had investors pulling out the smallest amount of money from Bill Gross' Total Return Fund (ETF version: BOND) since May, but they were outflows nonetheless to the tune of $3.5B (AUM is $237B). The outflows come as the fund retuned 1.35% in January, 13 basis points shy of the benchmark U.S. Aggregate Bond Index (ETF: AGG). For 2013, the fund posted a total return of negative 1.92%, the worst performance since 1994.
- Pimco's upper ranks have been shaken up since the start of the year, with Mohamed El-Erian announcing his retirement and Gross promoting a younger cadre of fund managers to more senior positions.
Outflows slow at Pimco Total Return
Feb 4 2014, 13:14 ET