Pimco Total Return ETF Daily Outflows Slow To $22 Million

Investors pulled $22 million from the $2.9 billion Pimco Total Return exchange-traded fund on Wednesday, data from Pimco showed. That represents a slowdown from the jump in outflows that occurred in the immediate wake of Pimco Chief Investment Officer Bill Gross's decision to leave the firm. The ETF saw an initial $544.5 million surge in outflows combined on Friday and Monday. The ETF has a similar makeup as the Pimco Total Return Fund , which had $23.5 billion in outflows in September. Other funds had inflows on Wednesday, suggesting that there isn't a wholesale exodus from Pimco. For example, the Pimco Enhanced Short Maturity ETF , managed by Jerome Schneider, had a $50 million inflow.