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Morningstar Removes Gold-Level Rating on PIMCO Total Return Fund and Predicts Possible Exit of 'Tens of Billions' in Assets
RIABiz 
Sept. 30, 2014
"[Morningstar has] lowered its rating on the Newport Beach, Calif.-based firm by two full levels, from gold to bronze, citing the departure of Bill Gross from PIMCO and the unintended consequences of that sudden exit. 'Given Bill Gross's abrupt departure, investors have focused on the possibility that out-flows could wreak havoc on the portfolio. Snap estimates of expected outflows have been all over the map, but it seems likely that outflows could total in the tens of billions of dollars,' wrote senior analyst Eric Jacobsen about PIMCO's Total Return Fund."
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