Pimco Total Return Gets $2.8 Billion in September

Bill Gross’s Pimco Total Return Fund, the world’s largest mutual fund, attracted $2.8 billion in September, its ninth straight month of net deposits after performance has rebounded this year.

The Pimco flagship fund has gathered $12.1 billion in new cash for the year through Sept. 30, bringing assets to $278 billion, Morningstar Inc. said today in an e-mail. September’s deposits were the highest this year, the Chicago-based research firm said.

Pacific Investment Management Co.’s Total Return Fund advanced 9.2 percent in 2012 through yesterday, beating 97 percent of similarly managed funds, according to data compiled by Bloomberg. The fund continued to rebound from what Gross called “a stinker” of a year in 2011, when it trailed 70 percent of competitors.

Gross reduced his holdings of Treasuries and government debt to 21 percent in August from 33 percent the prior month, according to the company’s website, the lowest since last October.

Pimco, based in Newport Beach, California, is a unit of Munich-based insurer Allianz SE. It managed $1.82 trillion of assets as of June 30.