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Pimco suffers €11bn leak in Europe

Morningstar figures offer an early glimpse of the regional outflows at Pimco following Bill Gross’s September exit

Pimco suffers €11bn leak in Europe
Photo: Getty Images

Investors pulled €11.2 billion from Pimco’s European funds in September and October on the heels of Bill Gross’s departure, according to new figures from investment research firm Morningstar.

The figures offer an early glimpse of the regional outflows at the firm following its co-founder's decision to step down on September 26.

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