PIMCO fund sees additional outflows

The PIMCO Total Return Fund experienced outflows of an estimated US$19.4 billion ($22.9 billion) in December, up from US$9.5 billion in November.

It was the 20th consecutive month of outflows.

“The pace of outflows during December continued to be significantly below the peak in September and early October 2014,” says Daniel Tarman, a PIMCO spokesperson.

Peak outflows occurred during the five trading days beginning on Sept. 26, which is the date Bill Gross announced he was leaving PIMCO.

The fund had US$143.4 billion of assets at the end of December.

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