Numbers Game

Numbers Gameblog

Latest research and trends from around the financial advisory business, updated regularly highlighting stats, charts, infographics and all things data.

Pimco net flows, despite increase, lag behind amid controversy

February net flows still negative, fall far shy of broader fixed-income recovery

Mar 11, 2014 @ 12:22 pm

By Matt Sirinides

Pacific Investment Management Co., despite investor skepticism and ongoing turmoil at the highest ranks in management, still managed to benefit from February's boost in fixed-income investment.

Overall, fixed-income net fund flows increase by 237% in February, sharply reversing the trend that began last June when “taper talk” first rattled the markets, and has continued as investors have responded positively to the new Fed chairman's statements that taper policy will happen in "measured steps."

Pimco missed out on some of the upside in the bond recovery, registering negative net flows but still posting an increase of 56% in February, to -$2.5 billion. Pimco was led by $58.9 million net flow into its $4.4 billion 0-5 Year High Yield Corporate Bond Index ETF (HYS), which was the only Pimco fund to rank among the top 50 fixed-income funds by February net flows, according to data from Lipper Inc.

As Pimco's chief, Bill Gross, continues to make headlines, the firm remains considerably off from its January 2013 high of $9.1 billion positive fund flows, according to Morningstar Inc. data. Meanwhile, fixed-income investment overall, which averaged $23.8 billion in net flows in the one-year period preceding June 2013, has cleanly bounced back from its taper doldrums, posting $23.9 billion in net flows last month.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Events

What's the first thing advisers should do when they get home from a conference?

After attending a financial services conference, advisers can be overwhelmed by options, choices and tools. What's the first thing they should do when they get back to their office?

Latest news & opinion

Galvin's DOL fiduciary rule enforcement triggers industry plea for court decision

Plaintiffs warned the Fifth Circuit that Massachusetts' move against Scottrade signaled that the partially implemented regulation can raise costs for financial firms.

Social Security underpaid 82% of dually entitled widows and widowers

Agency failed to tell survivors that they could switch to a higher retirement benefit later.

Is Fidelity competing with retirement plan advisers?

As the Boston-based mutual fund giant expands the products and services it brings to the retirement market, some financial advisers say the firm is encroaching on their turf.

Gun violence hits investment strategies, sparks political debates with advisers

Screening out weapons companies has limited downside.

Whistleblower said to collect $30 million in JPMorgan case

The bank did not properly disclose that it was steering asset-management customers into investments that would be profitable for JPMorgan Chase.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print