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 |
|
Tuesday, February 7, 2012 Gross Outperforms and Stops the Bleeding After a rough 2011, January offered a welcome turnaround for Bill Gross. Min Zeng of Dow Jones reports that last month Gross' $250.5-billion Pimco Total Return Fund [profile] returned 2.44 percent, compared to 0.45 percent for its benchmark, and raked in $230.6 million in net inflows, its first positive net flows in four months. By comparison, last year the fund lagged its benchmark by 3.68 percent and suffered $5 billion in net outflows. Gross himself did not chime in for the Dow Jones piece. However, Lipper research analyst Tom Roseen did weigh in for the article. "He made some bad bets on Treasury and he fixed it," Roseen told the wire service. "He is certainly turning the ship around. Now his Treasury position is properly placed and he has been very nimble in picking high-quality emerging market and corporate bond debt." Printed from: MFWire.com/story.asp?s=39087 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |