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Bill Gross buys junk for $288bn bond fund
by Chris Sloley on Mar 13, 2013 at 13:52
‘While recognizing that the new Fed program will likely continue to disrupt absolute valuations within the mortgage market over the cyclical horizon, PIMCO will continue to take advantage of relative value opportunities across mortgage coupons.’
The largest increase on a percentage basis was in his cash and money-market equivalent holdings. This allocation rose from 1% of the portfolio in January to 4% under the most recent update.
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