Staff
The Pacific Investment Management Co. (PIMCO) Total Return Fund reported outflows of about US$27.5 billion in October, with nearly half of them occurring in the first five trading days of the month.
The daily average flow for the last five days in October was approximately one-tenth of the daily average flow during the first five trading days after Bill Gross’s departure.
“Flows from the Total Return Fund peaked on Sept. 26 and slowed sharply throughout October,” says PIMCO spokesperson Daniel Tarman.
In September, the fund reported US$23.5 billion of withdrawals.
As of Oct. 31, the fund remains the largest actively managed bond fund in the world and had assets of US$170.9 billion, down from US$293 billion in 2013.
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