Where Have PIMCO Total Return's Assets Gone?
These intermediate-term bond funds have grown the most as PIMCO's flagship has shrunk.
PIMCO's recent announcement that Manny Roman will become its new CEO comes after the firm has seen its assets under management decline by hundreds of billions since 2013. The appointment of Roman, who has been lauded for successfully stabilizing, diversifying, and growing Man Group's business as CEO, suggests that the firm is hoping he can pull off something similar here.
While some of PIMCO's strategies have been stable or even growing during this time, the firm's flagship PIMCO Total Return (PTTRX) has seen a staggering level of redemptions. The pace of outflows from the fund has slowed more recently, as the initial investor exodus following the departure of the fund's legendary manager Bill Gross subsided, but have nonetheless continued. At $86 billion in assets as of June 30, 2016, PIMCO Total Return is still hefty--the third largest in the intermediate-term bond category--but now less than a third of its size at its April 2013 peak of $293 billion.
Miriam Sjoblom has a position in the following securities mentioned above: PTTRX, LSBRX. Find out about Morningstar’s editorial policies.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.