Pimco's Total Return Fund [see profile] last month cut its U.S. government-related debt holdings and added to cash and debt from other developed nations, Reuters reports.

Holdings in the U.S. government-related debt category, which includes U.S. Treasuries, declined to just 12 percent of the portfolio in January, from 22 percent in December, the lowest level in two years, according to the firm's Web site. Bill Gross in January also slashed holdings of mortgage-related debt, and added "non-US developed" country debt and cash.

The Wall Street Journal, Financial Times, and Bloomberg also picked up on the coverage  

Edited by: Hung Tran


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