PIMCO flagship fund suffers first outflows since 2011 in May
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)