Pimco’s flagship fund finds December net inflows, thanks to some clever math
Breakfast with Benjamin Clever calculating that counted capital gains reinvestments as inflows gave Pimco's flagship fund its first month of inflows since April 2013.
- Pimco’s flagship Total Return fund logs its first month of inflows since April 2013, thanks to some clever calculating that included counting capital gains reinvestments as inflows. This is not the way Morningstar calculates inflows.The fund would have posted outflows for December, instead of $1.3 billion worth of inflows, if it weren’t for the counting of investors’ reinvestments of year-end capital gains.
- Fed minutes show some board members were on the fence about the December rate hike. The FOMC was “reasonably confident in its expectation that inflation would rise.”
- The big new reality of Wall Street since the financial crisis? Compliance a go-go. The climbing ratio of infrastructure staff to front-office headcount.
- Meet “Mr. Plastic Fantastic,” a man with a world-record 1,497 valid credit cards. Apparently, this is not a sign of financial distress.
Learn more about reprints and licensing for this article.