Pimco Total Return Fund had $9.9 billion in withdrawals last month; the fund's manager insists the worst is over for bond investors.
By Charles Stein, Bloomberg|July 02, 2013 at 10:59 AM
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Bill Gross’s Pimco Total Return Fund, the world’s largest mutual fund, absorbed a record $9.9 billion in net redemptions last month as investors fled bonds in anticipation of the Federal Reserve scaling back its purchases.
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