Pimco flagship Total Return Fund loses top Morningstar rating
Research firm cites "uncertainty regarding outflows" and shuffled management as the reasons for downgrading Pimco's flagship fund.
Morningstar late on Monday downgraded Pimco's flagship bond fund, the world's largest, after the departure of the fund's long-term manager, Bill Gross on Friday.
The ratings firm lowered its forward-looking "analyst rating" two notches to bronze from gold on the Pimco Total Return fund (PTTAX) even
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