News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

The numbers behind Pimco's closed equity funds

News Analysis: Morningstar fund flow statistics indicate that many investors had been voting with their feet

Virginie Maisonneuve
Virginie Maisonneuve Photo: Getty Images

The equity strategies that are being closed down by Pimco failed to gain much traction with investors, according to flow statistics from Morningstar – and performance was behind benchmark to boot.

Last Thursday, the giant bond manager announced a pullback from its foray into equities of recent years, along with the imminent departure of the initiative's head Virginie Maisonneuve.

WSJ Logo