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Pimco Fund Raises MBS Holdings

16 Aug 2010

Pacific Investment Management Co. has raised its holdings of government-related mortgage-backed securities from 16% in June to 18% in July even as it lowered its overall holdings in the its Total Return Fund.

Pacific Investment Management Co. has raised its holdings of government-related mortgage-backed securities from 16% in June to 18% in July even as it lowered its overall holdings in the its Total Return Fund. According to Pimco, total government-related holdings in July were down to 54% from 63% in June, its highest share level since last October.

Click here to read the story from Dow Jones Newswires.

16 Aug 2010