More outflows for the Total Return Fund

|By:, SA News Editor

Another $11.6B flew out of the Pimco Total Return Fund (NYSEARCA:BOND) (MUTF:PTTAX) in January, as retirement plans withdrew more commitments from the world’s largest bond mutual fund.

According to Morningstar, January was the 21st consecutive month of withdrawals from the fund, which is now down 54% from its peak of $293B in April 2013.

Pimco (OTCQX:AZSEY) itself has also been scrambling to keep investors, following the departure of Bill Gross and chief executive Mohamed El-Erian last year.

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