Since the departure of Bill Gross, PIMCO has seen outflows of more than $100 billion. Five of the company’s funds led the largest outflows in 2014.
PIMCO’s Total Return Fund saw the largest outflows, totaling over $75 billion, while the company’s Unconstrained Bond Fund saw over $13 billion in outflows. Below are the ten mutual funds with the largest outflows in 2014.
| Fund | Net assets | YTD flows | Organic growth |
|---|---|---|---|
| Pimco Total Return Fund | $170.9bn | -$75.1bn | -31.6% |
| Pimco Unconstrained Bond Fund | $13.8bn | -$13.6bn | -50.8% |
| Thornburg International Value Fund | $14.7bn | -$12.6bn | -44.3% |
| Fidelity Contrafund | $109.6bn | -$9.6bn | -8.7% |
| Fidelity Growth Company Fund | $41.9bn | -$8.3bn | -18.2% |
| American Funds Growth Fund of America | $143.7bn | -$6.6bn | -4.7% |
| Pimco Low Duration Fund | $17.6bn | -$6.4bn | -26.8% |
| Pimco High Yield Fund | $11.1bn | -$5.1bn | -32.7% |
| Pimco EM Fundamental IndexPlus AR Strategy Fund | $3.7bn | -$4.7bn | -57.9% |
| Fidelity Series High Income Fund | $7.3bn | -$4.0bn | -36.7% |
The Bottom Line
Bill Gross’ departure from PIMCO had devastating impacts to the company’s outflows this year. This was one of the biggest mutual fund stories in 2014, and is definitely something that mutual fund investors should pay close attention to.