As evidenced by the Pimco[profile] Total Return Fund
, no bond fund was safe from the exodus out of bonds last month, including Vanguard[profile]
. Vanguard saw its first month of net outflows in nearly 20 years, Jason Kephart of InvestmentNews
wrote. In June, investors pulled out $9.7 billion from Vanguard bond funds.
Overall, Vanguard has done very well, Kephart pointed out, as it has brought in over $500 billion of new investments since 2009, according to Morningstar data. Pimco had $276 in net inflows during the same period and lost considerably more outflows in June, at $14.5 billion in net withdrawals. The outflows keep coming for Pimco, which saw $25.25 million leave Pimco Total Return Exvhnage Traded Fund in the first week of July, Reuters
' Sam Forgione reported.
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