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Pimco Shrugs Off Bond Market Carnage With $11 Billion Inflow: (PTTAX) - (PONAX)
FYI: The bloodbath in bond markets may have begun but so far, Pacific Investment Management Co. isn’t feeling it.
After a two-year selloff in Treasuries that saw yields more than double, the giant bond manager pulled in about 10 billion euros ($11.4 billion) in the third quarter, reversing outflows in the prior three months. Together with 5 billion euros inflows at Allianz Global Investors and market gains, assets at German parent Allianz SE rose above 2 trillion euros for the first time. Regards, Ted https://www.bloomberg.com/news/articles/2018-11-09/pimco-shrugs-off-bond-market-carnage-with-11-billion-inflows?srnd=premium
