Asset Management

Pimco beats BlackRock in European fund sales race

Investors flock back to the bond manager's flagship income fund, after turning away in 2018

Pimco's corporate headquarters in Newport Beach, California
Pimco's corporate headquarters in Newport Beach, California Photo: Alamy

Bond manager Pimco returned to the top of the European fund sales charts during the first half of 2019, with a bumper haul of investor cash that edged BlackRock’s iShares into second place.

According to data from Morningstar, Pimco registered net sales of €23.6bn between January and the end of June, allowing it to pull ahead of BlackRock’s exchange traded funds arm, which pulled in €21.1bn during the same period.

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