Pimco Total Return Fund Cuts Emerging Debt to Lowest Since 2014
- Emerging bonds decline to 9.4% of assets from 28.9% in August
- Pimco has been reducing risk, Ivascyn says in market outlook
Emerging Markets Attractively Valued, Says Choukeir
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Pacific Investment Management Co.’s Total Return Fund cut its holdings of emerging-market debt to the lowest level in almost two years in April.
Emerging bonds fell to 9.4 percent of assets, the smallest proportion since August 2014, and down from as much as 28.9 percent in August 2015, based on data from the Pimco website. U.S. government holdings, which include Treasuries as well as related securities such as futures contracts or agency bonds, were little changed at about 36 percent.