| The Pimco Total Return exchange-traded fund saw $448 million in outflows Friday following news of the departure of longtime manager Bill Gross, but outflows slowed on Monday to $98 million, according to a Pimco spokesperson.
Friday's outflows represented a record for the ETF. With $3.12 billion in assets as of Monday, the ETF is a fraction of the Pimco Total Return Fund, the $222 billion bond fund that Gross had managed since 1987. Gross co-founded Pacific Investment Management Co, a $2 trillion asset management firm, in 1971...............................................Full Article: Source
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