Pimco’s Gross boosts holdings in mortage assets
Meanwhile, manager of world's biggest bond fund reduces exposure to government debt
Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., reduced holdings of government-related debt to the lowest level since July 2009 and added mortgage-related assets in October.
The $256 billion Total Return Fund's investment in government-related securities f
Learn more about reprints and licensing for this article.
