By Sam Forgione
NEW YORK (Reuters) – Pacific Investment Management Co’s flagship fund posted an inflow of $1.3 billion in December on clients’ reinvestments of capital gains, the Newport Beach, California-based firm said on Tuesday.
That marked the fund’s first inflow since April 2013. The fund’s assets stood at $89.9 billion at the end of December, the firm said. The Pimco Income Fund had a $14.4 billion inflow in 2015.
Pimco said that the Total Return Fund would have had an outflow in December without the impact of the capital gains reinvestments.
The Pimco Total Return Fund fell 0.2 percent in December, but still read more >>>
Source : BusinessInsider.Com