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May
10, 2013, 11:39 AM ET
Bill Gross: Bull Market in Bonds Is Over
ByMin Zeng
Bill Gross said the three-decade bull run in
bonds ended last week when the 10-year Treasury yield hit 1.67%, in his
latest attempt to call the top in a market whose buoyancy has been aided
by central-bank policy and long questioned by skeptical investors.
The manager of the world’s largest bond fund
stressed that a bear market in bonds won’t start until economic growth and
inflation pick up — an arrangement that he doesn’t expect to see
immediately.
Gross, founder and co-chief investment officer
of Pacific Investment Management Co. and manager of the world’s biggest
bond fund, made the comments Friday on his Twitter account and in a
subsequent interview with The Wall Street Journal.
Gross: The secular 30-yr bull market in
bonds likely ended 4/29/2013. PIMCO can help you navigate a likely lower return
2 – 3% future.
— PIMCO
(@PIMCO) May 10, 2013
Gross’s
Total Return Among Worst Performing Amid Selloff
By Charles Stein and
Alexis Leondis - Jun 21, 2013
(Corrects worst performer in second paragraph.)
Bill Gross’s
$285 billion Pimco Total Return Fund (PTTRX) led declines among the
most-popular bond mutual funds after the Federal Reserve sparked a
global selloff by indicating it may start reducing asset purchases.
Gross’s flagship, the world’s largest mutual fund, lost 1.6
percent from June 18 through June 20, the day after the Fed outlined its exit
scenario, and was down 2.8 percent for the year, the worst of 19 U.S. total
return funds with at least $2 billion in assets, according to data compiled by Bloomberg.
The $4.2 billion Bernstein Intermediate Duration Portfolio was the third-worst
performer this year, after Pimco Total Return and a related fund, falling 2.7
percent.
Gross tells Total Return sailors 'don't panic,' but fund foundering
Flagship fund's performance in June worst monthly result ever; investors jumping ship
Jul 2, 2013 @ 3:57 pm (Updated 4:24 pm) EST
,,,"Mr. Gross has urged investors to stay calm. In his most recent investment outlook — in which he compared the bond market to a sinking ship — he listed three reasons to remain optimistic about bonds."
On the other hand this doesnt surprise me
Pimco Bond Fund Sees Record Outflows
Morningstar Estimates Investors Pulled Nearly $10 Billion from Bill Gross's Fund in June
Nor Does This...
Have a cocktail, tell the band to stop playing dirges, because you’re gonna be just fine with Pimco at the helm.’”(from his letter to investors).
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