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 |
|
Monday, November 12, 2012 Gross Buys More Treasuries Bill Gross is increasing his exposure to US government debt, according to a variety of reports from the end of last week. Reuters reported that Gross’ Pimco Total Return Fund [profile], with $281 billion in assets, increased its US government debt to 24 percent in October compared to 20 percent in September. Meanwhile, the fund cut holdings of mortgage securities to 47 percent from 49 percent. Bloomberg BusinessWeek noted that this was the first time since April Gross had increased his holdings in these treasuries. To learn more, read the Bloomberg story here and the Reuters story here. Printed from: MFWire.com/story.asp?s=42000 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |