Did you just figure this out??? Do a simple search on google and you will see this is all AMP cares about is dumping people in pop products that lock them in for years and AMP makes money no matter what happens and the client can't get out. Indeed, it's a good business. Just look at their stock price.
I am not the fund manager and team that has betrayed their customers aside perhaps for a select few?
This PIMCO brand is nothting short of garbage and use the ability to move pps not because of merit but because of sheer size.
PIMCO will be bankrupt by 2017 if they can't get their ship in order and start admitting they have a SERIOUS disconnect between their fund manager and the realities of the market, the 2 men are simply put Bufoons living in their own dream world and the new norm.