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"The $8.4 billion Pimco Investment Grade Corporate Bond Fund, a top-performing bond fund in 2012 and run by Gross’s protege, Mark Kiesel, also saw an outflow of $939 million last month after a $1.3 billion redemption in June, according to Morningstar."
The redemption's as a percentage of assets is rather large. Does this mean that Kiesel needs to sell assets to cover redemption's, farther bringing down the NAV?
Comments
"The $8.4 billion Pimco Investment Grade Corporate Bond Fund, a top-performing bond fund in 2012 and run by Gross’s protege, Mark Kiesel, also saw an outflow of $939 million last month after a $1.3 billion redemption in June, according to Morningstar."
The redemption's as a percentage of assets is rather large. Does this mean that Kiesel needs to sell assets to cover redemption's, farther bringing down the NAV?
Mona
Biggest outflows from Treasurys since Lipper began tracking.Sixth straight week of stock fund net inflows.Junk and EM bonds see net inflows.
http://www.reuters.com/article/2013/08/09/investing-fundflows-lipper-idUSL1N0G925R20130809?feedType=RSS&feedName=fundsFundsNews