UPDATE: PIMCO's Gross Trims Treasuries in Flagship Fund by 5 Points During March

April 11, 2012 4:10 PM EDT Send to a Friend
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(Updated - April 11, 2012 4:41 PM EDT)

PIMCO's Bil Gross cut Treasuries holdings at his flagship fund in March. According to data out after the market closed, Gross trimmed Treasuries to 32 percent in March, from 37 percent in February.

PIMCO's Bil Gross cut Treasurys holdings at his flagship fund in March. Accroding to data out after the market closed, Gross trimmed Treasurys to 32 percent in March, from 37 percent in February.

MBS holdings moved from 52 percent in February to 53 percent.

UPDATE: The cut in Treasuries was the second straight month of do so at Gross' Total Return Fund (Nasdaq: PTTRX), after reducing his stake from 38 percent in January.

Likewise, MBS holdings moved from 52 percent in February to 53 percent. The number was a continuation from holdings of just 50 percent in January.

Reports have Gross betting that MBS values would rise as the government increased its bond buying program focusing on securities.

Data also has Gross returning 3.71 pecent in 2012 through Tuesday, compared with an overall return of 4.16 percent in 2011.


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