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Rating:Has Pimco Total Return Gotten Too Big? Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, August 2, 2010

Has Pimco Total Return Gotten Too Big?

News summary by MFWire's editors

In an article over the weekend, The Wall Street Journal's Jane Kim explores whether the $237.2 billion Pimco Total Return Fund is "too big to do battle."

The article also mentions alternatives to Pimco's fund, such as the Harbor Bond Fund, which Pimco sub-advises, and the DoubleLine Total Return Bond Fund.

Kim notes that investors are concerned about whether the Pimco Total Return's size can affect future returns.

Pimco's co-chief investment officer Bill Gross told the pub that some investors had similar concerns when the fund's assets reached $100 million, $1 billion and $100 billion.

"We've been able to outperform by our standard 100 basis points already in this particular year," Gross was quoted in the article as saying. "There's still an unlimited amount of fish in the bond sea." Gross noted that the supply of new bond issues is growing 100 times more than asset flows to the fund.

The article also carried thoughts from DoubleLine Capital CEO Jeff Gundlach, Morningstar associate director of fund analysis Sonya Morris, New York-based financial advisor Lewis Alfest, Rochester, New York-based financial advisor Jeffrey Feldman, Albuquerque, New Mexico-based financial planner Donna Skeels Cygan and McLean, Virginia-based financial advisor Jeffrey Zures

Edited by: Armie Margaret Lee

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