MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, May 3, 2012 Pimco Total Return Grows Bigger Than Ever Bill Gross just broke a record of his own. Bloomberg reports that, according to Pacific Investment Management Co. (Pimco [profile]), Bill Gross' flagship Total Return Fund 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. Printed from: MFWire.com/story.asp?s=39906 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |