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.
NEW YORK, Jan 23- Neel Kashkari, managing director and head of global equities at bond giant PIMCO, is leaving the firm to consider running for public office in California as a Republican, according to people familiar with the situation.
After five years of monstrous cash inflows into fixed income markets, bond giants DoubleLine Capital LP, Loomis Sayles& Co and PIMCO are strategically targeting a bigger share of equities- an area that many investors have shunned in recent years.
NEW YORK, Jan 4- U.S. "I think the market over-reacted a bit," said Gregory Whiteley, government bond portfolio manager at DoubleLine Capital in Los Angeles. "The economy here, in Europe and in Asia, still faces considerable ongoing headwinds."
WASHINGTON, Dec 12- These are strange times to be moving your money around.
NEW YORK, Dec 6- The U.S. Securities and Exchange Commission is partially lifting an almost three-year-old moratorium on applications for actively managed, exchange-traded funds, creating an opportunity for fund managers to use derivatives when they launch them.