Pimco’s flagship GIS Income fund, Europe’s largest mutual fund with €60bn in assets, has suffered its first month of net outflows since late 2014 — the period immediately following the departure of the US bond giant's co-founder Bill Gross.
The blockbuster product, which is overseen by Dan Ivascyn and Alfred Murata, saw net outflows of €616m during February, according to preliminary data from Morningstar. This ended 39 months of consecutive inflows to the fund.
