The money keeps rolling in to Pimco's
] Total Return Fund
. Min Zeng of the Wall Street Journal writes
that Bill Gross
' flagship fund took in $1.3 billion in August, bringing the fund's total inflows this year to $9.3 billion.
For those who don't keep track of the bond king's daily comings and goings, the WSJ
piece continues with a discussion of Gross' investment strategy and his fund's recent performance. A quick rundown:
The Total Return Fund is up 8.12 percent this year through September, beating its benchmark's 3.85 percent return;
Gross is betting on mortgage-backed securities and TIPS, fearing both long-run inflation and turmoil in Europe;
and he expects further action from the Fed.
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