Economy & Finance

Pimco Income Fund attracts $2.8 billion of inflows in May: Morningstar data

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The offices of Pacific Investment Management Co (PIMCO) are shown in Newport Beach, California August 4, 2015. REUTERS/Mike Blake

The Pimco Income Fund, overseen by Pimco group chief investment officer Dan Ivascyn, attracted $2.8 billion of inflows during the month of May, bringing assets under management to $85.8 billion, Morningstar data showed Friday.

NEW YORK The Pimco Income Fund, overseen by Pimco group chief investment officer Dan Ivascyn, attracted $2.8 billion of inflows during the month of May, bringing assets under management to $85.8 billion, Morningstar data showed Friday.

By contrast, the Pimco Total Return Fund, once the world’s largest bond fund, posted net outflows of $469 million last month, bringing assets under management to $73.8 billion, Morningstar said.

(Reporting by Jennifer Ablan- Editing by Leslie Adler)

Source: http://www.reuters.com/article/us-funds-pimco-idUSKBN1902XN