Pimco faces SEC probe

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California-based investment manager Pimco has confirmed that it is being investigated by the Securities and Exchange Commission (SEC), the firm is accused of having artificially boosted the performance of its  Pimco Total Return ETF.

The $3.6bn ETF fund is managed by Pimco’s founder, managing director and CIO Bill Gross (pictured).

The SEC is investigating whether Pimco has bought assets at a lower price than stated in the valuations to calculate its holdings, creating a misleading impression of the funds performance, the Wall Street Journal reported.

A Pimco spokesperson confirmed the reports, stressing that the firm has cooperated with the SEC on the matter.

The investigation comes at a challenging time for Pimco, as investors have withdrawn almost $70bn from Pimco’s flagship £221bnTotal Return Fund over the last year.



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Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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