PIMCO Total Return ETF Experiences First Monthly Outflow

June 10th at 12:30pm by John Spence

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

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