Description: Pacific Investment Management Co.’s main exchange-traded fund saw outflows of $10.9 million the day before the surprise departure of Bill Gross, who co-founded and served as chief investment officer of the world’s biggest manager of bond mutual funds.
Source: Bloomberg.com
Date: Sep 27, 2014
Questions for Discussions:
- How have investors reacted to the change in top management?
- What changes do you think have influenced perceived risk?
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