Eric Jacobson co-wrote this article. Eric owns shares of PIMCO Total Return.
By the time Bill Gross left PIMCO in September 2014, the formerly $2 trillion bond firm had already been in net outflows for a couple of years. That was especially the case for its flagship PIMCO Total Return (PTTRX) strategy, which had peaked at over half a trillion dollars in assets in 2012—across multiple vehicles and dedicated accounts—but subsequently began to shrink.
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Miriam Sjoblom has a position in the following securities mentioned above: PTTRX. Find out about Morningstar’s editorial policies.