NEW YORK ( TheStreet) -- With $263 billion in assets, the Pimco Total Return Fund (PTTRX) ranks as the world's largest mutual fund. Over the years, investors and journalists have often asked portfolio manager Bill Gross the same question: Is the fund too big to manage effectively?Gross argued that size was not a problem for the fund. There seemed little reason to doubt the Pimco manager because he delivered sterling returns. During the past 15 years, the fund returned 7.4% annually, outdoing 98% of intermediate-term competitors, according to Morningstar.
Pimco's Flagship Mutual Fund Trails the New ETF
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