PIMCO draws $60 billion in 2011 to top mutual fund inflows

Diane Alter – AHN News Reporter

NYC, NY, United States (AHN) – Giant asset manager Pacific Investment Management Co. attracted more cash than any of its rivals in 2011, even as its flagship PIMCO Total Return Fund, the world’s largest bond fund, suffered its first ever calendar year of outflows.

Pimco’s actively managed bond and equity mutual funds lured more than $ 38.8 billion in net inflows for 2011.

Bill Gross serves as co-chief investment officer at Pimco, a firm he founded, which is one of the world’s biggest investment shops with more than $ 1 trillion in assets under management.

Morgan Stanley trailed Pimco and took the second spot with its investment arm attracting $ 18.1 billion in 2011, and DoubleLine Capital finished third with $ 12.5 billion in net inflows.

JP Morgan’s investment arm, with $ 12 billion finished fourth, and Dimensional Fund Advisors, with $ 9.9 billion, rounded out the top five.

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