] has reportedly
cut its exposure to U.S. government-related debt in its flagship bond fund in July after lifting the holdings over the previous three months.
The Wall Street Journal
's Min Zeng reports that U.S. government-related holdings for Pimco's flagship Total Return Fund, fell to 54 percent in July from 63 percent in June. The fund's government-related holdings include nominal Treasurys, Treasury inflation-protected securities, agencies bonds and Treasury futures and options.
However, Bill Gross
has reportedly lifted his holdings of mortgage-backed securities to 18 percent in July from 16 percent in June, and boosted nondollar developed-market debt holdings, which includes both government debt and corporate debt, to five percent from three percent in June.
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