FYI: The moment Bill Gross’s move from PIMCO to Janus was announced Friday morning, fund investors had two questions:
1) Do I sell the funds he was running at PIMCO?
2) Do I buy the fund he is taking over at Janus JNS, +43.02% ?
If forced to give short answers, most observers would go with “No” and “No,” but it takes a long answer to see how investors might best react to this unusual situation.
Regards,
Ted
http://www.marketwatch.com/story/bill-gross-left-pimco-should-you-2014-09-26/print
