For the ninth straight month in a row, investors reduced exposure to Pimco’s flagship Total Return Fund. In January the fund lost $3.5 billion in assets, according to reports. In 2013 the fund, which currently manages $237 billion, saw $41.1 billion in outflows. Pimco Total Return ETF The Pimco Total Return ETF, designed to mimic the flagship fund’s strategy, also posted January outflows of $32 million and has followed a similar nine month period of outflows. The current nine month outflow trend reverses a trend toward inflows from 2009 to 2012 as the bond market was rising in price, dropping in…
Pimco Records Ninth Straight Month Of Asset Outflows
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.