PIMCO flagship fund suffers first outflows since 2011 in May

NEW YORK Tue Jun 4, 2013 11:38am EDT

The headquarters of investment firm PIMCO is shown in this photo taken in Newport Beach, California January 26, 2012. REUTERS/Lori Shepler

The headquarters of investment firm PIMCO is shown in this photo taken in Newport Beach, California January 26, 2012.

Credit: Reuters/Lori Shepler

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NEW YORK (Reuters) - PIMCO Total Return Fund, the world's largest bond fund run by Bill Gross, suffered its first outflows since 2011 in May, Morningstar data showed.

The fund had outflows of $1.3 billion in May, the first outflows since investors pulled $1.35 billion from the fund in December of 2011, Morningstar said.

PIMCO Total Return Fund, which has roughly $292.9 billion in assets, was down 2.15 percent in May, according to Morningstar.

(Reporting by Sam Forgione; Editing by Chizu Nomiyama)

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