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Rating:Is Pimco Total Return the 'Stupid Investment of the Week?' Not Rated 2.0 Email Routing List Email & Route  Print Print
Monday, June 20, 2011

Is Pimco Total Return the 'Stupid Investment of the Week?'

News summary by MFWire's editors

Fundsters who work with and distribute fixed income mutual funds may want to take a look at Chuck Jaffe's latest column. On Friday the MarketWatch columnist warned investors that Bill Gross mammoth Pimco Total Return Fund [see profile], with $245 billion across all share classes and perhaps $500 billion across the fund itself and other Pimco products that mirror, is now simply too big to succeed.

"You buy this fund for Bill Gross but, at its current size, Gross can't actually do much to impact performance ... [T]here's a strong case to be made that it's the Stupid Investment of the week," Jaffe wrote. "Where Gross might once have added value by finding the best bond deals and executing them better than the competition, today even the best deals are too small to have much impact on the fund."

Steve Goldberg of Tweddell, Goldberg Investment Management weighed in for the article. 

Edited by: Neil Anderson, Managing Editor

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