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ALIZF Allianz Ag Muenchen Namen (PK)

290.128
0.128 (0.04%)
15 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Allianz Ag Muenchen Namen (PK) USOTC:ALIZF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.128 0.04% 290.128 277.15 295.00 290.128 290.128 290.128 4 21:20:00

Investors Pull $27.5 Billion From Pimco Fund

04/11/2014 10:30pm

Dow Jones News


Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
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Investors pulled a net $27.5 billion from Pacific Investment Management Co.'s flagship Total Return fund in October, the company said in a filing Tuesday, marking a mutual-fund industry record.

The amount represents the first full month of investor flow data since Bill Gross, Pimco's former chief investment officer and manager of the Total Return fund, left the company Sept. 26. Mr. Gross now runs a small mutual fund at rival Janus Capital Group Inc.

The Total Return fund's assets sunk to $170.9 billion, with most of the outflows happening in the first five trading days in October, according to the Pimco filing.

"Flows from the Total Return fund peaked on Sept. 26 and slowed sharply through October," the filing said.

A Pimco spokesman wasn't immediately available for comment.

Write to Kirsten Grind at kirsten.grind@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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