Investors exiting the Pimco Total Return Fund are bound to look at alternative strategies, say analysts following Bill Gross's departure.
Analysts at Morningstar say investors making an exit from Pimco's flagship fund after Gross, the so-called "Bond King," left for Janus Capital Group last week, are likely to dive into alternative, or unconstrained bond funds. Alternative strategies are a big winner in this, says Scott Burns, global director of manager research at Morningstar.
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