Pimco's $18 Billion Question: What Should Count as New Assets?

  • Money managers differ on how to classify reinvested dividends
  • Pimco change cut reported outflows by $18 billion last year

Why Mutual Fund Flows Matter

A change in how Pacific Investment Management Co. accounts for reinvested dividends and capital gains helped the bond manager minimize an exodus of clients by about $18 billion last year.

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