Pimco’s Total Return Fund Attracts $1.7 Billion in First Quarter
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Bill Gross’s Pimco Total Return Fund, the world’s biggest mutual fund, attracted $1.7 billion of investor deposits in the first quarter as performance rebounded.
The fund last had deposits in the third quarter of 2011, when it brought in $2.3 billion, according to data compiled by Chicago-based Morningstar Inc. Investors pulled about $3 billion from the fund in the three months ended Dec. 31, bringing withdrawals last year to $5 billion, Morningstar said.