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Investors pull $300 million from Bill Gross fund in May: Morningstar

Investors pull 0 million from Bill Gross fund in May: Morningstar© Reuters. FILE PHOTO: Gross, Portfolio Manager, Janus Capital Group, listens during the Milken Institute Global Conference in Beverly Hills

NEW YORK (Reuters) – Billionaire Bill Gross’ bond fund posted $300 million in withdrawals in the month of May, when it turned in its worst single-day performance since launching in 2014, data from research service Morningstar Inc showed on Tuesday.

Gross runs the Janus Henderson Global Unconstrained Bond Fund, which had assets of $2.1 billion, and was hit by sharp declines at the end of May when bond market volatility surged on Italian political concerns.

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Source: Investing.com

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