Search This Blog

Monday, July 1, 2013

I'm Still Trying To Figure Out This One..

·         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).

No comments: