“Imagine what is going to happen when the panic over climbing interest rates really starts.  Bill Gross’s Pimco Total Return Fund, a bond fund and the world’s largest mutual fund, had $9.9 billion in net redemptions last month as investors fled bonds in anticipation of higher interest rates. The withdrawals left the fund with $268 billion in assets at the end of June, Morningstar said.”

http://www.economicpolicyjournal.com/2013/07/pimco-total-return-had-99-billion.html

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