Major PIMCO Outflows Expected Following Departure of Bill Gross
Continue to site >
Trending ETFs

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.
Not interested

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Major PIMCO Outflows Expected Following Departure of Bill Gross

Shauna O'Brien

|

Pimco Global Investments
We saw some of the biggest mutual fund news in years on Friday. PIMCO’s founder Bill Gross announced that he would be leaving the firm for Janus Capital (JNS). The news initially shocked Wall Street, but now investors and analysts are concerned that this move may have a major effect on PIMCO.

PIMCO to See Significant Outflows

Following Gross’s departure announcement on Friday, PIMCO was flooded with calls from financial advisors demanding answers regarding the abrupt resignation.

On Friday, there was $500 million withdrawn from the firm’s Total Return Fund and billions of outflows from other funds. The firm is now preparing to see total outflows of as much as $60 billion.

Some advisors are now expecting investors to switch from PIMCO to the Janus Global Unconstrained Bond Fund (JUCAX) that Gross will be managing as of October 6, 2014.

Below is a quick look at the two aforementioned funds:

Mutual Fund AUM
Pimco Total Return $222 billion
Janus Global Unconstrained Bond Fund $12.9 million

The Bottom Line

With billions of dollars in outflows, there is potential for big moves in these funds. As one of the biggest mutual fund stories in a long time, mutual fund investors that are affected by this news should not take it lightly.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

Pimco Global Investments

Major PIMCO Outflows Expected Following Departure of Bill Gross

Shauna O'Brien

|

We saw some of the biggest mutual fund news in years on Friday. PIMCO’s founder Bill Gross announced that he would be leaving the firm for Janus Capital (JNS). The news initially shocked Wall Street, but now investors and analysts are concerned that this move may have a major effect on PIMCO.

PIMCO to See Significant Outflows

Following Gross’s departure announcement on Friday, PIMCO was flooded with calls from financial advisors demanding answers regarding the abrupt resignation.

On Friday, there was $500 million withdrawn from the firm’s Total Return Fund and billions of outflows from other funds. The firm is now preparing to see total outflows of as much as $60 billion.

Some advisors are now expecting investors to switch from PIMCO to the Janus Global Unconstrained Bond Fund (JUCAX) that Gross will be managing as of October 6, 2014.

Below is a quick look at the two aforementioned funds:

Mutual Fund AUM
Pimco Total Return $222 billion
Janus Global Unconstrained Bond Fund $12.9 million

The Bottom Line

With billions of dollars in outflows, there is potential for big moves in these funds. As one of the biggest mutual fund stories in a long time, mutual fund investors that are affected by this news should not take it lightly.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.