Pimco Total Return loses another $19.4 Billion

More large outflows hit the massive PIMCO Total Return since its founder Bill Gross left the company in September last year.

Gross had spent forty years at PIMCO, but left after a disagreement to manage the Janus Global Unconstrained Bond Fund.

Those two funds virtually tied each other in returns from the small sample size of the day Gross left PIMCO, September 26, to year end December 31, 2014.

We continue to suggest you follow Bill Gross with your money.

Why?  Think basketball: was the great Michael Jordan the overwhelming reason that his team won 6 NBA championships, or was it the Chicago Bulls' organization?

Now tell me this: who were the bench players that backed up Jordan during that run of 6 titles in 8 years? 

PIMCO is emphatically stating that its bench players are terrific.  It seems fund investors don't believe that claim.    PB
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From Forbes.com:

Investors pulled a net $19.4 billion out of the Pimco Total Return Fund in December, as it continues to experience significant outflows following Bill Gross’ departure.

The fund’s total assets now stand at $143.4 billion, down from a high of over $290 billion in 2013.

This is the fourth straight month of losses. It shed $23.5 billion in September, $27.5 billion in October and $9.5 billion in November...

The flagship mutual fund posted gains of 4.4% in 2014, trailing Barclay’s U.S. Aggregate fixed income index return of 5.97%...
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Link: http://www.forbes.com/sites/laurengensler/2015/01/02/pimco-total-return-fund-loses-another-19-4-billion/