PIMCO Total Return ETF (NYSEArca: BOND) saw its first-ever monthly outflow in May as bond funds absorbed losses on rising Treasury yields and fears the Federal Reserve may scale back on quantitative easing.
Last month, BOND lost $107.8 million, The Wall Street Journal reports, citing Morningstar flow data.
The flagship PIMCO Total Return Fund also saw a net outflow of $1.3 billion in May, the first in 18 months, WSJ reports.
BOND, managed by Bill Gross, is one of the fastest-growing ETFs introduced in the past two years. Launched in March 2012, the fund currently holds nearly $5 billion in assets and is the largest actively managed ETF. [Mortgages, Treasuries Weigh on PIMCO Gross ETF in May]
BOND has posted a total return of 5.5% for the trailing year, versus 0.9% for the Barclays US Aggregate Bond Index, according to Morningstar.
PIMCO Total Return ETF