Pimco's Total Return Fund cuts U.S. government-related holdings to 12% of the portfolio, a...

|By:, SA News Editor

Pimco's Total Return Fund cuts U.S. government-related holdings to 12% of the portfolio, a two-year low. Funds are moving instead into debt and cash for overseas developed markets; the fund has lost 0.34% YTD and is up 7% Y/Y. (U.S. budget)