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Pimco flexible bond funds trail majority of peers, rivals

[BOSTON] Bill Gross just can't catch a break. As investors flock to funds designed to make money even if interest rates increase, Mr Gross's Pacific Investment Management Co (Pimco) is alone among the biggest bond managers in suffering withdrawals from the strategy.

In a category that's been the most popular choice for fixed-income investors this year, the Pimco Unconstrained Bond Fund, has lost US$2.7 billion to redemptions. Similar offerings from Goldman Sachs Group, JPMorgan Chase & Co and BlackRock...

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