Total assets for the Pacific Investment Management Co.'s Total Return fund stood at $85.8 billion as of Aug. 31, down from $201.5 billion at the time of Mr. Gross' resignation, while the Janus fund reported $1.5 billion in assets, up from $79 million when he joined. To add some perspective, assets in the intermediate-term Bond category, as reported by Morningstar, were up 20% over the Sept. 2014 to Aug. 2016 period, while the non-traditional bond category saw invested assets drop 5.6%.
Gross' impact, 2 years later
To be sure, P&I recognizes that this is not an apples-to-apples comparison as each fund has materially different mandates and investor audiences.
* Correction: Original chart and text showed returns data not inclusive of reinvested dividends. Data has been corrected.