Pimco Total Return Doubles Junk-Bond Limit to 20% of Holdings

  • Assets fell to $87 billion in February, down 70% from the peak
  • Fund manager called corporate bonds an investor ‘sweet spot’

Pimco's Kiesel: We See Value in Credit Right Now

The Pimco Total Return Fund, the world’s one-time largest bond fund whose assets fell as it trailed peers, is doubling its allowable allocation to junk bonds.

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