NEW YORK Aug 29 The Pimco Total Return Fund,
the world's largest bond fund that is run by Bill Gross, rose
roughly 1.1 percent in August to beat 76 percent of peers,
preliminary Morningstar data showed on Friday.
The fund, which has $223 billion in assets, has notched that
gain for the month through August 28. The Pimco Total Return
Exchange-Traded Fund, an actively managed ETF designed
to mimic the strategy of the flagship mutual fund, also rose 1.1
percent over the same period, beating 81 percent of peers.
The Newport Beach, California-based Pacific Investment
Management Co, a unit of European financial services company
Allianz SE, had $1.97 trillion in assets as of June
30, according to the firm's website.
(Reporting by Sam Forgione; Editing by Chizu Nomiyama)