Pimco Records Ninth Straight Month Of Asset Outflows

For the ninth straight month in a row, investors reduced exposure to Pimco’s flagship Total Return Fund.  In January the fund lost $3.5 billion in assets, according to reports. In 2013 the fund, which currently manages $237 billion, saw $41.1 billion in outflows.

Pimco Total Return ETF

The Pimco Total Return ETF, designed to mimic the flagship fund’s strategy, also posted January outflows of $32 million and has followed a similar nine month period of outflows.  The current nine month outflow trend reverses a trend toward inflows from 2009 to 2012 as the bond market was rising...