Pimco can once again lay claim to having the world’s largest actively managed bond fund, just three months after losing bragging rights to West Coast rival TCW.
In comparison, the MetWest Total Return Bond fund slipped to $78.6 billion, down from $79 billion in February.
For years, Pimco’s Total Return fund held the title of the biggest actively managed bond fund. At its peak in April 2013, the fund, then managed by Bill Gross, held $293 billion of assets.
The giant fund lost hundreds of billions in assets after Gross left firm in 2014. Meanwhile, the Metropolitan West Total Return fund grew, eventually surpassing the Pimco fund in December last year as the latter fell to $78.5 billion and TCW’s offering hit $79.4 billion.
The Pimco Total Return fund had $73.6 billion as of March 31.