PIMCO is no longer home to the world's biggest bond fund
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Pimco's flagship Total Return Fund is no longer the world's largest bond fund.
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In a statement on Monday, the company said monthly net outflows continued to decline in April, and it saw $5.6 billion walk out the door. That brought the asset under managment in fund, once run by Bill Gross, down to $110.4 billion.
Meanwhile, Vanguard Total Bond Market Index Fund had $117.3 billion as at April 30, according to preliminary data cited by Bloomberg.
The Pimco's fund had suffered month of outflows before and after Bill Gross left the firm last year. Analysts blamed lackluster performance.
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