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Pimco's Gross Turns Bullish on US Treasurys

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  • Sorry Bee... Double post indeed:(
  • beebee
    edited April 2013
    Since we both thought highly enough of Uncle Bill to post these links, how would you play his call? Last year the Fed's QE gave PONDX a real goose...wondering if Pimco has a different way to play the BOJ QE than just buy UST? I do believe UST yields will fall as Japanese investors look for quality. At Vangaurd, I use EDV, but any LT Treasury would work...maybe even zero coupon funds like BTTTX.

    Maybe uncle Jeff (Gundlach's calls this one as well)...one of Jeff charts highlights High Yield Global Corporates as the best bond choice going forward.

    image

    Some fund ideas:
    Multisector - PONDX
    EM Debt - PYEMX
    HY - USHYX
    Investment Grade Corp - PBDDX
    Global Bond - TTRZX, TGBAX
  • Reply to @bee: For anyone thinking of getting into Pimco Investment-Grade Corp, be sure to look under the hood first. It's a terrific fund, but it's not the one you might infer from the name.
  • edited April 2013
    Own Oaktree Capital (OAK), which owns a stake in Gundlach's Doubleline and (at least currently) yields 8%. (Oaktree emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities - http://en.wikipedia.org/wiki/Oaktree_Capital_Management)

    On Doubleline:
    http://brooklyninvestor.blogspot.com/2012/08/oaktrees-grandslam.html

    OAK is an MLP, so does generate a K-1.
  • edited April 2013
    Bill's record as a forecaster has been tarnished somewhat this year because of his Barrons Roundtable recommendation of GLD.
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