Bill Gross, manager of the world’s biggest bond fund, cut slightly both holdings of Treasury bonds and mortgage-backed securities in July. Treasury bonds holdings at the $270 billion Total Return Fund (PTTRX), managed by Mr. Gross, who is co-chief investment officer at Pacific Investment Management Co., slipped to 33% last month from 35% in June, according to data released late Thursday.
PIMCO cuts mortgage-backed securities holdings Investors should pare U.S. stocks and high-yield debt while shifting to lower-risk assets, such as Treasuries and mortgage-backed securities, according to an. Group Inc. echoed that view on prices.
PIMCO Mortgage-Backed Securities Fund seeks maximum total return, consistent with the preservation of capital and prudent investment management by investing in a portfolio of investment grade.
· Bond fund giant Pacific Investment Management Co., or Pimco, cut its holdings of U.S. government-related holdings in its flagship bond fund in September for.
U.S. government-related holdings may include nominal Treasuries and inflation-protected Treasuries, Treasury futures and options, agencies, FDIC-guaranteed and government-guaranteed corporate.