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 |
|
Tuesday, November 24, 2009 BlackRock and Pimco Managers Worry Over Short-Term TIPS Fundsters interested in Treasury Inflation-Protected Securities may want to check out the Tuesday "Fund Track" column. The Wall Street Journal's Min Zeng highlights TIPS opinions from BlacRock's Brian Weinstein and Pimco's Mihir Worah. Weinstein calls long-term TIPS attractive, though he warns that short-term TIPS may fall victim to deflation. Weinstein, who manages the $1.7 billion BlackRock Inflation Protected Bond fund, said that TIPS maturing in January or April 2011 are not worth owning, but he said long-term TIPS are more attractive. Weinstein's fund has achieved net inflows of $1 billion this year through September, a significant increase over the $340 million netted in all of 2008. Worah, who manages the $15.4 billion Pimco Real Return Fund, echoed Weinstein in noting that deflation at some point next year is a possibility. Printed from: MFWire.com/story.asp?s=23351 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |