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Pimco Total Return Fund has $5.4 billion outflow in September: Morningstar
October 2, 2013 / 3:19 PM / 4 years ago

Pimco Total Return Fund has $5.4 billion outflow in September: Morningstar

NEW YORK (Reuters) - The Pimco Total Return Fund, the world’s largest mutual fund run by Bill Gross, had outflows of $5.4 billion in September, marking the fifth straight month of outflows from the fund, Morningstar data showed on Wednesday.

The outflows lowered the fund’s assets to $250 billion, the Chicago-based Morningstar said. The latest outflows were the lowest since May, and were down from withdrawals of $7.7 billion in August.

Gross, a co-founder and co-chief investment officer at Pimco, runs the flagship fund. The Pimco Total Return Exchange-Traded Fund, meanwhile, had outflows of $220.3 million last month, marking the fifth straight month of outflows from the ETF.

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

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