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Pimco fund outshines most peers in first year after Gross exit

It returns almost 1% through Dec 28, besting 4 of the 5 funds with the largest influx of new money

Los Angeles

INVESTORS who pulled an estimated US$52.7 billion from the Pimco Total Return Fund this year may feel like freeway drivers who changed lanes only to see themselves falling behind traffic.

The erstwhile largest bond mutual fund outperformed 89 per cent of peers in the