NEW YORK: Pimco posted a record total outflow of $5.8 billion from its emerging market funds in the first 11 months of 2014, according to Morningstar data released on Wednesday.
Pimco's funds have suffered from ill-timed investment bets in Russia, Ukraine, Brazil and Venezuela along with the ongoing flight by investors from emerging markets and the management shakeup following the dramatic departures of co-founder Bill Gross and Chief Executive Officer Mohamed El-Erian.
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