' $256 billion Pimco Total Return
], lost some of its luster last month as investors pulled $1.9 billion from the mutual fund, Morningstar reports
. This was the fund's first month of net outflows in two years.
The fund's outflows mirrored that of the Morningstar Intermediate-Term Bond Category, which saw $154 million in outflows in November. This was also the category's first month of net outflows in two years.
Gross reportedly said earlier this year that "bonds have seen their best days".
The Pimco Total Return fund reportedly dropped lost 1.5 percent last month , its worst month since September 2008. By comparions, the Barclays Capital U.S. Aggregate Bond Index decliend 0.57 percent in November.
up on the fund's outflows.
Stay ahead of the news ... Sign up for our email alerts now