Morningstar: Pimco Total Return ET Posts October Outflows of $437M

Features Reuters

The Pimco Total Return Exchange-Traded Fund, an actively managed ETF designed to mimic the strategy of the flagship mutual fund, posted its second straight month of outflows in October, totaling $437 million compared with $631 million outflow in September, according to Morningstar data.

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The Pimco Total Return ETF saw nearly $550 million in outflows in the two days following news of the departure of longtime manager Bill Gross.

(Reporting By Jennifer Ablan; Editing by Chizu Nomiyama)