Gross Cuts Treasury Holdings at PIMCO Total Return ETF

ETF Trends

Bill Gross is trimming his positions in U.S. Treasuries in PIMCO Total Return Fund and the ETF of the same name as interest rates rise.

Investors closely follow the moves of bond king Gross, so the updated disclosures showing his reduced stake in Treasuries have created headlines this week.

Gross lowered U.S. government-related holdings at the world’s largest bond fund in August to 35% from 39% in July, WSJ.com MoneyBeat blog reports.

Also, he lifted his investment in U.S. mortgage-backed bonds to 36% from 35%.

At PIMCO Total Return ETF (BOND), U.S. government-related holdings stood at 33% at the end of August, while mortgages were 55% of the ETF.

“So, now that it seems Bill Gross is cutting down on US government bonds from PIMCO’s [fund], is it time for other investors to do the same?” CNBC reports at Yahoo Finance.

The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

View Comments (0)