Pimco Total Return posts $3.5B outflow in January

Investors pulled $3.5 billion from Pimco's Total Return Fund in January, Morningstar data showed on Tuesday, the ninth straight month of outflows from the world's biggest bond fund which is run by Bill Gross. Last year, the fund saw record outflows after its weak performance, with investors withdrawing $41.1 billion. However, its size remained roughly unchanged at $237 billion after the outflows in January, due to its positive monthly performance. "Investors, I think, are still looking at the 2013 poor performance and reacting to it," said Todd Rosenbluth, director of mutual fund research at S&P Capital IQ.

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