just broke a record of his own. Bloomberg reports
that, according to Pacific Investment Management Co. (Pimco
]), Bill Gross' flagship Total
now holds a record $258.7 billion in assets.
Morningstar data shows that a total of $2.7 billion of new cash poured into the giant mutual fund last month. And those inflows are accompanying strong performance. The mutual fund has returned 4.4 percent year-to-date, surpassing 98 percent of its peers.
Pimco's website says that as of March 31, Gross has reduced to 32
percent the fund's assests in Treasureis and has increased the
mortgages to 53 percent.
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