TOKYO, April 5- Japan's central bank bent global markets to its will on Friday, a day after announcing the world's most intense burst of monetary stimulus, putting the yen into a nose-dive and fuelling a surge in Japanese stocks to 4-1/ 2 year highs.
NEW YORK, April 3- Bill Gross, manager of the world's largest bond fund, said on Wednesday that the Federal Reserve's aggressive monetary policies may have changed the landscape so greatly that investors like himself and Warren Buffett may face radically new challenges in trying to maintain their track records.
March 19- Bill Gross, who heads the world's largest mutual fund, will offer some items from his rare U.S. stamp collection for the first time in a public auction conservatively estimated to bring $1.5 million to $2 million.
Gross, whose PIMCO Total Return Fund is the world's largest bond fund, upped the estimate from his firm's December forecast of between 1.25 percent and 1.75 percent. Pacific Investment Management Co., a unit of European financial services company Allianz SE, oversaw $2 trillion in assets as of Dec. 31, 2012.
Gross, whose PIMCO Total Return Fund is the world's largest bond fund, upped the estimate from his firm's December forecast of between 1.25 percent and 1.75 percent. Pacific Investment Management Co., a unit of European financial services company Allianz SE, oversaw $2 trillion in assets as of Dec. 31, 2012.
NEW YORK, Feb 27- Bill Gross, founder and co-chief investment officer of bond giant PIMCO, told investors in a monthly letter on Wednesday they should expect lower returns from high-yield corporate bonds.
Federal Reserve will keep its monetary policy stance loose for a long while despite increasing signs of concern among policymakers about the potential costs of asset buying, a top Fed official said on Friday. "Fed policy is very easy and it's going to stay easy for a long time," James Bullard, St. Louis Fed president, said in an interview with CNBC television.
NEW YORK, Feb 11- The PIMCO Total Return Fund, the world's largest bond fund run by Bill Gross, decreased its mortgage holdings to its lowest level since mid-2011, ahead of the prospect of higher interest rates and emerging inflationary pressures.
Housing sector most vulnerable if yields keep rising
NEW YORK, Feb 1- Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of bonds and into equities that will power the bull market to new heights. Investors pumped $20.7 billion into stocks in the first four weeks of the year, the strongest four-week run since April 2000, according to Lipper.
Jan 31- Bond guru Bill Gross of Pimco warned on Thursday that the U.S. economy has become too credit-reliant and is requiring more and more government stimulus to produce ever-diminishing rates of growth, much like Japan has experienced over the past decade.
The level of credit needed to spur economic growth has grown five-fold since the 1980 s, said Gross, who is a founder and co-chief investment officer of Pacific Investment Management Co. He likened the need for more and more government stimulus to produce ever-diminishing rates of growth to Japan's experience over the past decade.