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PIMCO flagship fund suffers first outflows since 2011 in May
June 4, 2013 / 3:41 PM / 4 years ago

PIMCO flagship fund suffers first outflows since 2011 in May

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

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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