Pimco ETF Outflows Slow After Biggest One-Day Withdrawal
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Withdrawals from a Pacific Investment Management Co. exchange-traded fund that was run by Bill Gross slowed yesterday after record redemptions the day the star trader left.
Investors pulled about $98 million from the Pimco Total Return ETF, according to data available on Pimco’s website that shows adjusted shares outstanding. That followed a record $446.5 million withdrawal on Sept. 26 as Gross announced his sudden departure from the firm he co-founded to join Janus Capital Group Inc.