- Since the start of October (Bill Gross exited in late September), Pimco's (OTCPK:AZSEY) Total Return fund (MUTF:PTTRX) - ETF version BOND - has returned 3.73%, beating out 92% of its peers, according to the latest data from Morningstar. Year-to-date, the fund has returned 2.378%, ahead of 96% of its peers. The benchmark Aggregate Bond Index (NYSEARCA:AGG) has returned 1.736% YTD.
- Outflows at Total Return continue, however, with February marking the 22nd consecutive month of net exits. With AUM of $124.7B, Total Return is in danger of losing its title of world's largest bond fund to the Vanguard Total Bond Market Index fund (MUTF:VBMFX) - ETF version BND.
- "I am not invested with Pimco right now," says one wealth manager, willing to admit in print he moved everything out when Gross left.
- Source: WSJ