Investors pull record $23.5bn from PIMCO Total Return as Gross exits

The world's largest bond fund now stands at around $200bn in size following the outflows, which mark its 17th successive month of withdrawals.  PIMCO said the largest daily outflow for the month came on 26 September, the day of Bill Gross' resignation from the firm. It added outflows on the following two business days "were considerably smaller". The September figure, equivalent to 10% of the fund's assets, is almost as large as the outflows seen in the previous eight months combined. PIMCO said the fund is "well positioned to meet potential redemptions". "The core fixed inco...