Thursday, December 15, 2011

Are Investors Losing Faith in Pimco's Bill Gross?

CNBC reports:
Bill Gross's Pimco Total Return Fund, the world's largest bond fund, keeps shrinking as investors look to put their money with some of his competitors.

In November, the mutual fund led by Gross saw about $500 million in outflows, bringing its cash outflow over the past 12 months to $17 billion, said Morningstar editorial director Kevin McDevitt.
Is Bill Gross betting on another bailout?