Investors took another $2.7bn from the Pimco total return fund in May, the 25th straight month of withdrawals, but less than half the previous month's pace (IAR, 5 May, Money continues to flow out of Pimco fund), Reuters reported.
Assets at the fund, which until April was the biggest bond fund in the world, totalled $107.3bn at the end of May, according to Pimco, which is owned by Allianz.
The total return fund's assets peaked at $292.9bn in April 2013. Long-time manager Bill Gross left Pimco for rival Janus Capital Group last September (IAR, 29 September 2014, Ivascyn replaces Gross as Pimco's Group CIO).