Schwab phones (at least some) Private Client customers to advise dumping PIMCO Total Return fund
Funds under Schwab discretion exited the Bill Gross fund three weeks ago
Author Brooke Southall October 21, 2014 at 12:07 AM
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Related Moves
Vanguard Group shows up as 'alpha' disciple with two new fixed-income fund launches as it surpasses PIMCO's $2 trillion with ex-Goldman Sachs partner now calling the shots
The $8 trillion Malvern, Pa. manager owns beta investing, but RIAs are demanding higher income -- hence market timing and cherry picking -- from their fixed-income allocation.
