FYI: Pimco Total Return Fund (PTTRX) sold some of its most liquid assets during the third quarter as the September departure of Bill Gross triggered record redemptions.
The world’s largest bond fund reduced holdings of securities issued by government sponsored enterprises such as Fannie Mae and Freddie Mac by 22 percent to $31 billion at the end of September from June 30, according to a report posted on the fund’s website. Sovereign investments, composed primarily of Brazilian, Italian and Spanish government debt, fell to $31 billion as of Sept. 30, or about 16 percent of net assets, from $41.5 billion.
Regards,
Ted
http://www.bloomberg.com/news/print/2014-12-03/pimco-total-return-sold-agency-sovereign-debt-amid-redemptions.html
