NEW YORK Jan 2 The Pimco Total Return Fund, the
world's largest bond fund run by Bill Gross, fell about 1
percent in December, beating just 6 percent of peers,
preliminary data from Morningstar showed on Thursday.
The fund, which has roughly $244 billion in assets, fell
1.92 percent for the year, beating 41 percent of peers, the data
showed. The fund is the flagship of Pacific Investment
Management Co., which had $1.97 trillion in assets as of Sept.
30, according to the firm's website.
The Pimco Total Return Exchange-Traded Fund, an
actively-managed ETF designed to mimic the strategy of the
flagship mutual fund, fell 0.85 percent for the month, putting
it in the lowest percentile rank for its category for the month.
Investors pulled $115.8 million from the ETF in December,
marking its eighth straight month of withdrawals, Morningstar
data showed. The ETF has about $3.5 billion in assets.
Jeffrey Gundlach's DoubleLine Total Return Bond Fund
, a competitor to the Pimco fund, fell 0.7 percent in
December, beating 19 percent of peers. The fund had outflows of
$2.08 billion in December, Reuters reported on Wednesday.