MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, March 13, 2009 Pimco Plans Additional Auction-Rate Buybacks In Friday's Wall Street Journal Fund Track column, Lauren Pollock reports that five closed-end Pimco funds will buy back an additional $225 million in auction-rate securities. This comes in the wake of an announcement last month that the funds planned to buy back about $342 million of the securities. The buybacks mark a departure from Pimco's earlier stance. It had refused to redeem the securities for months after the auction-rate market froze last year. In the second portion of Fund Track, Morning Zhou reports that SPDR Gold Shares' holdings touched a record high of 1,038 tons on Wednesday. Printed from: MFWire.com/story.asp?s=21002 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |