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Rating:Two Gross Funds Had a Bad May Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 05, 2013

Two Gross Funds Had a Bad May

News summary by MFWire's editors

Rare is the day that more people take money away from Bill Gross than give it to him.

Apparently, though, there were a few of those days in May, though, as the Pimco Total Return Fund [profile] had its first month of net outflows since 2011, according to a Bloomberg story.

The ETF version of the fund also had net outflows, the first time this has happened since the funds founding last year.

The original fund lost $1.32 billion, while the ETF had $64.4 million pullsed out.

Check out more details here

Edited by: Ben Geier


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