PIMCO bond fund reports outflows

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Bill Gross' flagship bond fund has been hit with a wave of redemptions which has left it recording annual outflows for the first time in its history.

The $240bn (£154bn) PIMCO Total Return fund, the world's largest bond fund, saw $5bn in outflows last year, according to Morningstar data. It is the first time the fund has failed to post inflow...

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