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Some Clarity Gained, Some Questions Remain for PIMCO Funds

PIMCO’s post-Gross changes suggest the fund strategies, including Total Return, won’t radically change, but several question marks remain.

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Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. After this morning's surprise announcement that Bill Gross was leaving for Janus, PIMCO said this evening that Dan Ivascyn will be taking over as group CIO. I'm here today with Michael Herbst--he's our director of manager research for active strategies here in North America--for his take on this news.

Michael, thanks for joining me.

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Jeremy Glaser does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.