May 15 -- Pimco said Thursday that it will close three active stock mutual funds and instead focus on enhanced indexing strategies. Bloomberg's Mary Childs reports on “Bloomberg Surveillance.”
Back in April, my colleague Kirsten Grind wrote about the Pimco Total Return exchange-traded fund’s rip-roaring debut. From its debut on Feb. 29 through April 12, the ETF returned 2.52%, according to Morningstar. The mutual fund whose …
PIMCO California Municipal Income Fund II engages in fund management and investment.The fund invests all of its assets in a portfolio of municipal bonds, the interest from which is exempt from federal income taxes.It invests in residual …
they have delivered excellent results across their strategies, which deserve more attention.” Janus shares are up 16.5 per cent premarket. Lex Live on Pimco begins at 2.30pm BST, 8.30am EST.
But I can’t work out how Fabrikant comes to that conclusion. El-Erian has managed money at two places: Pimco (twice), and Harvard. In his first stint at Pimco, between 1999 and 2005, he managed emerging-market bonds through the …
That worry is less of a concern for the Total Return fund: Mr Gross buys very liquid bonds, which are less vulnerable to such “front-running”, and announces many positions publicly. And for PIMCO the ETF offers new ways to build the fund …
PIMCO Municipal Income Fund II is a closed-end investment fund.Its objective is to seek current income exempt from federal income tax. The company invests all of its assets in a portfolio of municipal bonds, residual interest municipal …
If you own the Pimco Total Return Fund (PTTRX) in a taxable investment account, you’ve already been crushed by a manager departure, high portfolio turnover, and the ugliness may not yet be over. Ron DeLegge, Chief Portfolio …
Pimco, the world’s largest bond fund, has hired Neel Kashkari - the man best known for being put in charge of the US Treasury’s $700bn bailout plan at the tender age of 35. Dealbreaker has the Pimco memo announcing the hire in full; …