Bill Gross Janus fund doing well, but still seeing outflows

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Investors continue to pull money out of Bill Gross' new bond fund, though the exodus slowed somewhat in July.

Despite comparatively strong performance against its peers, the Janus Global Unconstrained Bond Fund saw $2.4 million in outflows for the month, bringing its total assets to $1.47 billion, according to data Morningstar released Tuesday.

As a percentage of total assets, the monthly outflows amount to less than two-tenths of a percent—essentially a rounding error—but are part of a recent pattern of flight from the fund. Gross started the Janus offering after his highly publicized departure from Pimco in September 2014.