The World's Biggest Mutual Fund Takes a $41 Billion Hit

Losses and redemptions have shrunk Pimco's Total Return Fund 14 percent in four months.
Financial manager and investment author Bill Gross, who co-founded Pacific Investment Management (PIMCO), in 2011 Photograph by J. Emilio Flores/Corbis

With investors anticipating the end of the Federal Reserve’s stimulus program, the biggest mutual fund in the world, Pimco’s Total Return Fund, took a $41 billion hit over the past four months after losses and withdrawals, according to Morningstar.

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