PIMCO to See Significant Outflows
On Friday, there was $500 million withdrawn from the firm’s Total Return Fund and billions of outflows from other funds.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:
|Pimco Total Return||$222 billion|
|Janus Global Unconstrained Bond Fund||$12.9 million|