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The insiders' edge for 40 Act industry executives!
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
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Monday, August 16, 2010 Pimco Stems Exposure to Gov't Bonds 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. Printed from: MFWire.com/story.asp?s=33150 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |