(Bloomberg) -- Withdrawals from a Pimco 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 Pimcos 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.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access