While Pimco's [profile] flagship Total Return Fund raked in $1.7 billion in net inflows last quarter, another Pimco fund saw almost as much money leave. Jennifer Ablan and Matthew Goldstein of Reuters report that, according to Morningstar data, $1.69 billion flowed out of the $14.1-billion Pimco Unconstrained Bond Fund during Q1.

By comparison the Pimco "go-anywhere" bond fund suffered five times the quarterly outflows its peer JPMorgan Strategic Income Opportunities Fund, Reuters reports. The Pimco fund also suffered $2.47 billion in outflows in Q2 2011.

"My impression is that returns haven't been as strong as people had hoped and so some investors might be getting out," said Eric Jacobson, director of fixed-income research at Morningstar. 

Edited by: HFD


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