PIMCO is raising the fees on its Income Fund, bucking the trend of asset managers slashing expense ratios for their fund products. The fund has been the fastest growing US active product over the last 12 months. In general, passive funds are still taking in assets at the expense of their active counterparts, pulling in $703.4 billion in the US over the past year.
PIMCO is raising the fees on its Income Fund, bucking the trend of asset managers slashing expense ratios for their fund products. The fund has been the fastest growing US active product over the last 12 months. In general, passive funds are still taking in assets at the expense of their active counterparts, pulling in more than $703bn in the US over the past year.