News from Bloomberg. Gross has been buying U.S. government debt, increasing it to 51 percent of his $227.9 billion Pimco Total Return Fund in May from 36 percent the previous month. For his personal portfolio, Gross disclosed in securities filings that he spent $8.1 million during May to buy shares in three Pimco funds that invest in bonds or bank debt issued by high-yield companies.
My view. He might be right. Time will tell. I just wanted you to know.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
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