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M* Reaffirms Gold Rating On PIMCO Total Return: Video Presentation
We do not put ANY store in M* analyst ratings. They are just another marketing tool for M* and for the funds upon which so-called 'gold' designations are bestowed. It continues to amaze us that for decades M* insisted there was no way to predict how a fund would do in the future. But with the analyst ratings they are essentially saying that a gold rating is their expectation of an already good fund's continued success. Yes, there are some caveats, but don't you just know the marketing end of M* loves this opportunity to bestow ratings, both on past risk-adjusted performance AND future expectations.
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