Pimco Total Return Has Record $23.5B in Redemptions
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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 Over the past year and a half, the fund has been shrinking, with $66 billion already withdrawn before the recent events.
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OPEN ENDED QUESTION
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What has been the trend of the total return fund over the past year and a half?
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What has been the performance of the total return fund compared to its rivals over the past year?
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