Pimco Leads Protecting Against Inflation: Riskless Return

April 23 (Bloomberg) -- Mihir Worah decided it was time to bet on rising consumer prices in Nov. after TIPS were on track for worst yr on record; now TIPS are rebounding and Worah’s $15.2b Pimco Real Return Fund is benefiting from type of timely call that produced best risk-adjusted result among inflation-protected funds over past 5 yrs, according to the BLOOMBERG RISKLESS RETURN RANKING.

* “The selloff had gone too far and the market was pricing in

a rate of inflation that was just too low”: Worah, named 1

of 6 deputy CIOs at Pimco in Jan. * Fund combined second-highest total return and below-average

volatility in a group of 37 peers with at least $100m * Story Link:NSN N4GCY66JIJV8<GO>

For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>

To contact the reporter on this story: Julie Alnwick in New York at +1-212-617-8960 or jalnwick@bloomberg.net To contact the editors responsible for this story: Madeleine Lim at +1-212-617-2296 or mlim131@bloomberg.net

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE