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Gross Left Behind In Pimco Return To The Top As Deputies Rise

FYI: Bill Gross promised in May that funds managed by his Pacific Investment Management Co. would be back on top by the end of the year. So far, his prediction is looking good -- unless you count the funds that Gross himself runs.
Regards,
Ted
http://www.bloomberg.com/news/print/2014-08-01/gross-left-behind-in-pimco-return-to-top-as-deputies-rise.html

Comments

  • I do like the Arnott funds.
  • @JohnChism Depending on which Arnott funds you are talking about, you may have not liked them for the past 5 years (March 9, 2009) or so, up until a few days ago.
  • I apologize, I was thinking of the Schwab fundamental funds. Why I confused them with Pimco can be attributed to my old age.
  • @JohnChism No need for an apology, it happens to many of us (including me) :) Do you have an opinion on the new PIMCO Low Volatility RAFI funds which may use the same RAFI index (developed by Arnott, I believe) as the Schwab funds?

  • I haven't heard of those yet. I'll check them out. My interest in particular was FNDF.
  • @Bitzer, the Pimco funds seem to be very similar to the Schwab ones. The RAFI terminology being used is new but the underlying format is the same from what I gather. I didn't check ERs but the Schwab ETFs are super low in that regard.

    The fundamental idea is a good one and for someone looking to simplify their portfolio, these would be good funds to look into. As I mentioned previously, FNDF would be a great selection for international exposure.
  • Thanks, JohnChism The Schwab funds look good. The PIMCO funds are often "backed" by some type of fixed income instruments. That's what I like to call the PIMCO "special sauce" which I don't understand but seems to add considerably to volatility
  • Pimco special sauce. LOL.
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