PIMCO Total Return Suffers Nearly $1B in Outflows in May

(Reuters) – Investors pulled approximately $1 billion from the PIMCO Total Return Fund, one of the world’s largest bond funds, in May following cash withdrawals of the same amount the previous month, the Newport Beach, California-based firm said on Thursday.

PIMCO said the Total Return Fund’s assets under management stood at $86.1 billion as of month-end May, down from $87 billion as of the end of April and $89.9 billion at the end of 2015, PIMCO said in a statement.

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