Morningstar: All Rated Pimco Funds Under Review After Gross Departure
September 26 2014 - 11:33AM
Dow Jones News
Morningstar said it has place all the rated funds of Pacific
Investment Management Co. under review following the resignation of
managing director Bill Gross, the firm said Friday on its
website.
The action includes Pimco's flagship Total Return Fund,
Morningstar said.
Morningstar added that the "depth of resources" at Pimco "means
investors have time to reassess their options."
Write to Mark Taylor at mark.taylor@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires