June 2, 2014 / 8:10 PM / in 4 years

Pimco Total Return posts $4.3 bln outflows in May - Morningstar

NEW YORK, June 2 (Reuters) - The Pimco Total Return Fund, the world’s largest bond fund run by Bill Gross, posted $4.3 billion in net outflows in May, marking the 13th straight month of outflows from the fund, Morningstar data showed on Monday.

The fund had $229 billion in assets at the end of May, the data showed. The Pimco Total Return Exchange-Traded Fund posted $10.8 million in net outflows in May, according to the data. That also marked the 13th straight month of outflows from the ETF.

Pacific Investment Management Co., a unit of European financial services company Allianz SE, had $1.94 trillion in assets as of March 31, according to the firm’s website. (Reporting by Sam Forgione; Editing by Chizu Nomiyama)

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