PIMCO today revealed that its PIMCO Total Return fund has reached its all-time high of $258.7 billion, which in turn is a new record for any U.S. mutual fund, according to the firm.

In a statement, the firm said it “is honored and grateful that investors around the world have continued to place their trust in us. Backed by our time-tested investment process, we will continue to strive to deliver value to our clients in all the strategies and vehicles we offer as a global investment solutions provider.”

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.