We are beginning to see the ramifications of the recent resignation of Pimco CEO Bill Gross.
Investment News reports, “The Charles Schwab Corp. said last week that it had removed Pimco funds from all its target date funds.”
This is only the latest addition to the troubles faced by Pimco. Investors continue to withdraw millions from the investment management company, leaving Pimco with a dwindling pool of assets.
Summary by MedicalGroups.com
To read more from Investment News, Click Here