Pimco Total Return Among Biggest Losers as Bond Rally Fizzles By Sree Vidya Bhaktavatsalam and Charles Stein, Bloomberg
“Bill Gross’s Pimco Total Return Fund, the world’s largest mutual fund, was the second-biggest decliner among the largest U.S. bond managers in the past month as clients pulled money for the first time in two years amid a selloff in Treasuries.
The $250 billion Pimco Total Return fell 3 percent in the 30 days through Dec. 8, trailing all but one of the 10 largest bond mutual funds, which lost an average of 2 percent, according to data compiled by Bloomberg. Only the $33 billion Vanguard Inflation-Protected Securities Fund declined more, falling 3.9 percent in the period.”
Latest posts by E.J. Smith (see all)
- Are Futures a Good or Bad Evolution for Bitcoin? - December 11, 2017
- $70 Million in Bitcoin was Stolen, Did Anyone Notice? - December 8, 2017
- This Tax Bill Needs Better Messaging - December 7, 2017