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With Pimco's Total Return ETF (BOND) torching its benchmark (AGG) since its April launch,...

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.
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