Aug
04
Pimco Investors Withdrew $2.5 Billion From Total Return
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Investors pulled $2.5 billion from Pacific Investment Management Co.’s flagship fund in July, the 27th consecutive month of outflows from what used to be the world’s largest mutual fund.
Investors pulled $2.5 billion from Pacific Investment Management Co.’s flagship fund in July, the 27th consecutive month of outflows from what used to be the world’s largest mutual fund.
The July withdrawals from the Pimco Total Return Fund compare with $3 billion in redemptions in June, $2.7 billion in May, and $5.6 billion in April, according to the Newport Beach, California-based firm. The fund’s assets have plunged to $101 billion, from a high of $293 billion in April 2013…
Pimco Investors Withdrew $2.5 Billion From Total Return
