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Pimco's Gross admits he is concerned with 13 straight months of outflows

DailyTicker

Pimco founder Bill Gross has long been seen as the “bond king." Pimco's Total Return Fund, which Gross leads a team in managing, is the world’s largest bond fund and the bellwether for traditional bond funds. Still, for the last 13 consecutive months, investors have been withdrawing money from it. The most recent data for May shows net outflows of $4.3 billion for the month, bringing total outflows to $59.6 billion since May of last year.