Pimco Clients Pull $2.7 Billion From Total Return in May

Client redemptions from Pacific Investment Management Co.’s flagship fund last month slowed to the lowest level since July 2014.

Investors withdrew $2.7 billion from the Pimco Total Return Fund in May, compared with $5.6 billion in April and $7.3 billion in March, according to the Newport Beach, California-based firm. Assets in the fund have plunged to $107.3 billion, down more than 63 percent from a peak of $293 billion in April 2013.