Pimco posts $5.5 billion in net outflows from U.S. mutual funds in May: Morningstar

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Bond giant Pimco posted $5.5 billion in net outflows across its U.S. open-end mutual funds in May, extending the firm’s record outflow streak to 12 straight months, class="mandelbrot_refrag">Morningstar data showed on Tuesday.

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Pacific class="mandelbrot_refrag">Investment Management Co, a unit of European financial services company Allianz SE, had $1.94 trillion in assets as of March 31, according to the firm's website.

(Reporting by Sam Forgione; Editing by James Dalgleish)

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