Institutional active bond funds took in approximately $93.3 billion in assets over the past four quarters while gaining about $92.4 billion in market appreciation.
Among the 10 largest funds, the PIMCO Income Fund led the group in both net flows and market appreciation, and became the asset class' largest fund by assets. The fixed-income behemoth's Total Return Fund saw its outflows continue, with $16 billion in withdrawals, despite adding $1.6 billion in value. Over the period, the fund gained 2.44% on a total return basis. The Templeton Global Bond Fund also performed well over the period while also having significant outflows.