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Exclusive: Schwab drops Pimco Total Return Fund from its target date funds

Published 10/02/2014, 04:47 PM
Updated 10/02/2014, 04:50 PM
© Reuters To match Special Report PIMCO/GROSS
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(Reuters) - Charles Schwab Corp (N:SCHW) has dropped the Pimco Total Return Fund from its 10 target date funds, a company spokeswoman told Reuters Thursday.

© Reuters. To match Special Report PIMCO/GROSS

The firm completed its review of the fund this week, the spokeswoman said. Last Friday, Bill Gross, Pimco co-founder and manager of the fund, announced he left the firm to join Janus Capital Group (N:JNS).

(Reporting By Jessica Toonkel; Editing by Meredith Mazzilli)

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