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.
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.