Pimco [ see profile] has reportedly cut its exposure to U.S. government-related debt in its flagship bond fund in July after lifting the holdings over the previous three months.

The Wall Street Journal's Min Zeng reports that U.S. government-related holdings for Pimco's flagship Total Return Fund, fell to 54 percent in July from 63 percent in June. The fund's government-related holdings include nominal Treasurys, Treasury inflation-protected securities, agencies bonds and Treasury futures and options.

However, Bill Gross has reportedly lifted his holdings of mortgage-backed securities to 18 percent in July from 16 percent in June, and boosted nondollar developed-market debt holdings, which includes both government debt and corporate debt, to five percent from three percent in June. 

Edited by: Hung Tran


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