Pimco's flagship fund posts $1.1 billion outflow in January
Reuters
Published Feb 02, 2016 04:26PM ET
Pimco's flagship fund posts $1.1 billion outflow in January
NEW YORK (Reuters) - The Pimco Total Return Fund, which lost its crown as the largest bond fund in the world last year, started 2016 with yet another round of outflows, $1.1 billion in January, according to Pacific Investment Management Co's website on Tuesday.
The latest cash withdrawal follows December's positive inflow of $1.3 billion for the Pimco Total Return Fund, but that was only because of clients' reinvestments of capital gains.
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Written By: Reuters
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