Pimco Fund Cuts MBS Eighth Month In A Row

12 Mar 2013

Bill Gross, manager of Pimco’s Total Return Fund, has cut the fund’s holdings in mortgage-backed securities for the eighth month in a row in February to 36%, down from 37% and 42% in January and December, respectively.

Bill Gross, manager of Pimco’s Total Return Fund, has cut the fund’s holdings in mortgage-backed securities for the eighth month in a row in February to 36%, down from 37% and 42% in January and December, respectively. At the same, Gross has increased his allocation to junk bonds ...

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