16 straight months of outflows for Gross' Total Return Fund


The Pimco Total Return Fund saw $3.9B of outflows in August, according to Morningstar, the 16th straight month of exits, and brining the total pulled during that streak to nearly $70B. Assets under management peaked at nearly $300B in April 2013 and now stand at $221.6B.

The fund did post a return of 1.1% in August, beating 77% of peers. Year-to-date though, the fund has returned 4.31%, trailing 73% of peers.

A division of Allianz (OTCPK:ALIZF, OTCQX:AZSEY), Pimco had $1.97T in AUM as of June 30.

The ETF version of the Total Return Fund (NYSEARCA:BOND) had net inflows of $87M in August, its third straight month of additions and bringing total AUM to $3.6B.

Competitor DoubleLine Funds' (Gundlach) Total Return Bond Fund had its 7th straight month of inflows, gathering $562M. Its 5.46% return YTD is ahead of the benchmark Aggregate Bond Index's 4.81% gain, and is beating 77% of peers.

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