Schwab Shuts Out Pimco After Bond Fund Says Outflow Slows
In a sign its problems are going mainstream, Charles Schwab Corp (NYSE:SCHW) has cut the Pimco Total Return Fund from its 10 target date funds, Reuters is reporting.
The review of Pimco was completed last week – a week that was capped by Pimco co-founder Bill Gross exiting the firm in startling fashion to join rival Janus Capital Group Inc (NYSE:JNS).
PIMCO's capital outflows slowing down
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