Pimco Raises Treasuries Holdings to Highest Level Since 2010
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Pacific Investment Management Co.’s Bill Gross raised the holdings of Treasuries in his flagship fund at to the highest level since July 2010 while warning that investors face potential losses from central-bank policies.
The proportion of U.S. government securities in the $292.9 billion Total Return Fund increased to 39 percent in April, from 33 percent in March, according to data on Newport Beach, California-based Pimco’s website. Mortgage holdings rose to 34 percent, from 33 percent in March, which was the lowest level since August 2011. The company doesn’t comment directly on monthly changes in its portfolio holdings.