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Investors find shelter in ETFs after leaving Pimco

Monday, October 6, 2014 - 05:50

New York

ON Sept 26, after Bill Gross quit Pimco and the Total Return Fund he had run for 27 years, California-based EP Wealth Advisors decided to pull the plug that same Friday. Ending its investment in Total Return left it with US$130 million in uninvested assets and one weekend to

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