Pimco Total Return Has Record $23.5B in Redemptions

Investors withdrew a significant amount of money from Pimco's total return fund, which was previously managed by Bill Gross. Gross's unexpected departure to Janus Capital led to the largest daily redemption in the fund's history. The withdrawals accounted for 11% of the fund's assets as of August, and the fund has been underperforming compared to its peers. Over the past year and a half, the fund has been shrinking, with $66 billion already withdrawn before the recent events.

What significant event occurred last month concerning PIMCO's total return fund?

• The fund was merged with another fund.

• Investors added a large sum of money.

• The fund was closed permanently.

• Investors withdrew a large sum of money.

Who was the previous manager of PIMCO's total return fund?

• Warren Buffet

• Bill Gross

• George Soros

• Janus Capital

What was the impact of Bill Gross's departure on the fund?

• It caused the fund to gain more investors.

• It led to the largest daily redemption.

• It had no impact on the fund.

• It resulted in a merger with another fund.

What percentage of the fund's assets were withdrawn after Bill Gross left?

• 20%

• 30%

• 5%

• 11%

How did the total return fund perform compared to its rivals over the past year?

• It trailed 65% of its rivals.

• It matched the performance of its rivals.

• It outperformed 65% of its rivals.

• It was the top performer among its rivals.