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, July 16, 2013 Despite Outflows, Gross Raises Risk Exposure Bill Gross doesn't follow the pack. He leads it, or at least ignores it. That's the only explanation behind his latest decision to raise his exposure to interest rate risk after losing his bet on TIPS, with outflows totaling almost $10 billion last month. The WSJ reporter Min Zeng writes that mortgage-based-securities were raised to 36 percent in late June from 34 percent in May at Pimco [profile] Total Return Fund. U.S. government related holdings, such as Treasury bonds, Treasury Inflation Protection Securities, agency debt and derivatives, remained at 38 percent, Zeng writes. Gross did reduce exposure in non-U.S. developed nations from 7 percent to 5 percent. To read the rest of the story and more coverage, click here and here Printed from: MFWire.com/story.asp?s=44933 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |