PIMCO's Income Fund, now the largest active fixed-income fund, acquired $9.5 billion in new client money alone in 2017. T. Rowe Price's New Income Fund was second with $3.6 billion in net asset flows. On the reverse, PIMCO's Total Return Fund, still shedding assets, bled $3.8 billion through April 30. Also notable, DoubleLine's Total Return Fund, once the mortgage-backed master of the active fixed-income universe, saw $3.1 billion walk out the door.
Hey ho, PIMCO!
The PIMCO Income Fund also led its peer group in market appreciation, driven by its mortgage, government and asset-backed positions. PIMCO's Total Return Fund was third in market appreciation asset growth, adding $1.7 billion to client portfolios.
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