Investors haven’t yet followed Bill Gross en masse to his new home.
Gross’s new bond fund at Janus Capital Group Inc. took in a net $66.4 million in September, according to data released Wednesday from fund research firm Morningstar Inc.
That is a small sliver of the $23.5 billion that poured out of his former fund, Pimco’s Total Return, after his surprise departure Sept. 26.
The new fund Gross manages, the Janus Unconstrained Bond fund, saw its assets under management swell from about $13 million at the end of August to $79.1 million, according to Morningstar.
Launched in May with about $12 million of assets under management, the Janus Unconstrained Bond fund had seen inflows of about $800,000 between May and August, according to Morningstar. In August, the fund saw $80,000 in inflows.
While the September gains represent a more than 500 percent increase in the fund’s assets in a short period, data suggest that Pimco competitors thus far might be collecting more of the firm’s outflows.
