Pimco Income Expands to Largest Active Bond Mutual Fund
- Dan Ivascyn’s fund reached $79.1 billion as of March 31
- Pimco bond fund passes MetWest Total Return Bond Fund
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Dan Ivascyn’s Pimco Income Fund keeps raking in money.
The fund, co-managed by Ivascyn and Alfred Murata, celebrates its 10th anniversary this week by becoming the largest actively managed fixed-income mutual fund with $79.1 billion, according to Pimco’s website Tuesday. Pimco Income passed Metropolitan West Total Return Bond Fund as investors added approximately $3 billion in March, a monthly record, according to estimates by Bloomberg.