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 |
|
Wednesday, October 24, 2012 A Twofer for Gross Groupies Another day, another story about Bill Gross and Pimco. Make that two stories. The Wall Street Journal and Bloomberg both wrote yesterday about Gross' decision to pull dump some of the debt in his bond funds. Treasury bond holdings in the Pimco Total Return Fund had dropped to 9 percent in September, down from 29 percent in January, according to the Journal article. The Journal quotes Morningstar fixed-income research head Eric Jacobson as saying Gross "Probably doesn't want to go any lower in Treasury holdings so as not to risk a repeat of 2011, she he didn't holed enough during the rally." Bloomberg's story, meanwhile, focuses on Pimco selling bank debt and replacing it with housing debt. Both stories are worth a read if you want a peak inside one of the most covered fund shop in the business. Printed from: MFWire.com/story.asp?s=41774 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |