MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, January 4, 2012 Gross' Annus Horribilis Got Worse in December The Grinch -- make that mutual fund shareholders -- snatched the gifts from under Bill Gross' tree last Christmas. Total Return shareholders pulled $1.35 billion from Gross' fund in December and $5 billion for all of 2011. Bloomberg reports that the annual outflows are the first from Gross' fund since 1987. Burt Greenwald gets the quote of the piece, telling Bloomberg that: "when the performance faltered, it turns out they had some speculative investors who left." The outflows represent two percent of the fund's $240.7 billion of AUM. Printed from: MFWire.com/story.asp?s=38733 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |