Bill Gross’ annus horribilis just got worse.
The PIMCO Total Return Fund lost an estimated $3.1 billion of client assets in April, Morningstar said Thursday. Total assets in the fund at the end of April were about $230 billion, according to the research group’s latest estimates.
(These figures do not include assets held in non-U.S. versions of the fund or ETF.)
PIMCO’s Total Return ETF outflows for April 2014 were some $75 million. Total assets in the fund at the end of April were $3.4 billion.
In contrast, the DoubleLine Total Return Bond Fund had inflows of about $134 million in April, according to Morningstar estimates; its total assets as of April 30 were an estimated $32 billion, the research group says.
DoubleLine, though, says that it actually had inflows of $320 million into its total return bond product and overall inflows of $442.5 million.