PIMCO Total Return ETF: Bill Gross Trims Treasury Holdings
April 12, 2012 at 09:40 AM EDT
Bill Gross is continuing to slash PIMCO Total Return Fund’s exposure to U.S. Treasury bonds as yields linger near all-time lows. Gross cut holdings of Treasuries in March to 32%, the lowest since December and down from 37% the previous month, Bloomberg News reports. The bond guru oversees the...