Pimco investors withdraw $9.6bn in one month

In June, investors pulled $9.6bn from Bill Gross’s flagship fund at Pimco, the largest single month of outflows at the fund since Morningstar records began in 1993, the investment research firm said.

The outflows came after investors pulled $1.3bn from the fund in May, which marked the first outflows since December 2011.

The fund’s assets now stand at roughly $268bn, down from a peak of $292.9bn in April, Morningstar said.

The Pimco Total Return ETF, meanwhile, had outflows of $511.5m in June, its biggest outflows since its inception in February 2012 and following its first-ever monthly outflows of $107.8m in May.

The DoubleLine Total Return Bond Fund, the flagship fund of DoubleLine Capital LP run by Jeffrey Gundlach, had outflows of $1.2bn last month, its first-ever monthly outflows since its inception in April 2010. The fund had inflows of $293.6m in May.

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