Treasury bond holdings at Bill Gross' Total Return Fund stood at just 9% of assets on Sept. 30, according to Morningstar, down sharply from 21% at the end of 2011. The move echoes a costly one Gross made at the start of 2011. One difference - much of the money pulled out of Treasurys has gone into TIPs, which now account for 11% of fund holdings. [View news story]
" The move echoes a costly one Gross made at the start of 2011." What the heck does that mean? What move did he make in early 2011?
Treasury bond holdings at Bill Gross' Total Return Fund stood at just 9% of assets on Sept. 30, according to Morningstar, down sharply from 21% at the end of 2011. The move echoes a costly one Gross made at the start of 2011. One difference - much of the money pulled out of Treasurys has gone into TIPs, which now account for 11% of fund holdings. [View news story]