With Pimco's Total Return ETF (BOND) torching its benchmark (AGG) since its April launch, Bill Gross cautions his investors this can't be continued. "The target is 100-200 basis points over the index," he says. He's giving the Fed a 70-75% chance its reflation moves will succeed and has titled the fund toward TIPS, shorter-duration paper, and developing countries.
With Pimco's Total Return ETF (BOND) torching its benchmark (AGG) since its April launch, Bill...
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