The PIMCO Total Return fund suffered a record $27.5bn in outflows last month, following on from the $23.5bn pulled in September as Bill Gross (pictured) left the company.
An 18th consecutive month of net redemptions mean the fund is now $170.9bn in size - down from an April 2013 peak of $293bn - according to PIMCO. The fund group said outflows slowed notably as October...
Advisers can start the conversation
‘Unprecedented wave of disruption’
2019 Survey now open
'Asset Management Taskforce'
Refrains from widespread change