Bill Gross' Pimco Total Return fund has lost its position as the largest mutual fund in the world after investors pulled over 13% of assets from the fund since the summer.
Gross' fund - which has more than doubled in size between 2008 and 2012 according to Bloomberg - attracted $50.1bn in 2009 and $22.6bn in 2012, but has had a tough year in 2013 as investors turn away from...
Asymmetric return profile
Fears of bond bear market
Aims for 5% income