SINGAPORE: Pacific Investment Management Co’s (Pimco) Total Return Fund increased its holdings of US government debt to the highest in 18 months just as investors including Jeffrey Gundlach and Bill Gross turn cautious.
Treasuries and related securities accounted for 39.7% of the fund’s assets in June, up from 36.4% in May, according to data on the company’s website.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
