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Rating:Gross Ups Total Return's Treasurys By 60 Percent Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 13, 2011

Gross Ups Total Return's Treasurys By 60 Percent

News summary by MFWire's editors

Bill Gross' flagship fund's exposure to U.S. Treasurys (and related securities) climbed 60 percent last month. Reuters reports that Pimco Total Return [see profile] held eight percent of its $243 billion in assets in such investments on June 30, up from five percent on May 31.

Yet, according to Dow Jones' Min Zeng, that eight percent is still significantly underweight when compared to the 32.56 percent Treasurys portion of the Barclays Capital Aggregate Bond Index.

And Gross maintained Total Return's negative nine percent short position in swaps and its 21 percent position in mortgages.

According to Reuters, Gross also increased the fund's exposure to non-U.S. debt again, from 10 percent to 13 percent. And Bloomberg's Wes Goodman and Susanne Walker report that the fund's cash holdings dipped from 35 percent to 29 percent. 

Edited by: Neil Anderson, Managing Editor

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