Morningstar Says Pimco Outperforming Despite Outflows

Pimco is doing better than expected given the circumstances, notes  a new study from Morningstar. Morningstar, which updated its ratings on Pimco’s some 50 funds it rates on the platform, notes in the white paper that the investment firm made famous by its bond investing and legendary founder is more stable now than it was before just the departure of Bill Gross. PIMCO’s outflows have been less than expected The study also noted recent outflows, while severe, have been less than anticipated. To illustrate the firm’s durability it said it could withstand another $300 to $350 billion in withdrawals “before its…