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.”
Meanwhile, the firm’s latest active exchange-traded fund, BOND, is holding up its own having garnered $664 million since it began trading on February 29.
PIMCO was founded in 1971 and is a subsidiary of the asset management arm of Allianz Group.