Pimco Total Return Lost $5 Billion to 2011 Withdrawals

Jan. 4 (Bloomberg) — Bill Gross’s Pimco Total Return Fund had $5 billion in client redemptions last year as the world’s largest mutual fund trailed rivals, its first year of withdrawals in records going back to 1993, according to Morningstar Inc. Mark Barton reports on Bloomberg Television’s “On the Move.”

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