Pimco Income Expands to Largest Active Bond Mutual Fund
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Dan Ivascyn’s fund reached $79.1 billion as of March 31
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Pimco bond fund passes MetWest Total Return Bond Fund
Dan Ivascyn’s Pimco Income Fund keeps raking in money.
The fund, co-managed by Ivascyn and Alfred Murata, celebrates its 10th anniversary this week by becoming the largest actively managed fixed-income mutual fund with $79.1 billion, according to Pimco’s website Tuesday. Pimco Income passed Metropolitan West Total Return Bond Fund as investors added approximately $3 billion in March, a monthly record, according to estimates by Bloomberg.
“Our investment process and active management have produced significant gains for our clients and we believe the current environment will continue to present more opportunities for investors who actively pursue them,” Ivascyn, 47, said in an emailed statement…
Pimco Income Expands to Largest Active Bond Mutual Fund
