Bill Gross shocked the investing world on September 26, 2014 when he announced that he would be leaving PIMCO for rival Janus Capital Group. Gross co-founded PIMCO and spent over 40 years earning a name as one of the most famous fixed income managers of all time, which made his exit all the more surprising. Since he left, PIMCO has lost over $50 billion in total assets, with about $1 billion flowing into Janus. But have PIMCO’s ETFs suffered the same fate? Below, we take a look at how some of PIMCO’s exchange traded products have dealt with Gross’s departure [for more ETF news and analysis subscribe to our free ETF Daily Roundup]. PIMCO Outflows As many expected, some of PIMCO’s ETFs saw heavy outflows, but the exodus has not been nearly as pronounced as it was for the company’s mutual funds. This table shows the net investing flows of PIMCO’s […] Click here to read the original article on ETFdb.com. Related Posts: Under the Hood of the 5 Largest Actively Managed ETFs SEC Ruling: Active ETFs Now Allowed To Use Derivatives Bond ETFs For Every Objective Complete List Of Active ETFs PIMCO Launches Broad U.S. Treasury Index Fund (TRSY)
Bill Gross shocked the investing world on September 26, 2014 when he announced that he would be leaving PIMCO for rival Janus Capital Group. Gross co-founded PIMCO and spent over 40 years earning a name as one of the most famous fixed income managers of all time, which made his exit all the more surprising. Since he left, PIMCO has lost over $50 billion in total assets, with about $1 billion flowing into Janus. But have PIMCO’s ETFs suffered the same fate? Below, we take a look at how some of PIMCO’s exchange traded products have dealt with Gross’s departure [for more ETF news and analysis subscribe to our free ETF Daily Roundup]. PIMCO Outflows As many expected, some of PIMCO’s ETFs saw heavy outflows, but the exodus has not been nearly as pronounced as it was for the company’s mutual funds. This table shows the net investing flows of PIMCO’s […]
Click here to read the original article on ETFdb.com.
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