As institutional investors weighed what effect, if any, bond guru Bill Gross' sudden exit from Pimco should have on their Pimco holdings, two traders differed on whether retail investors should take flight.
On Friday, Gross shocked the investment community by announcing his departure from the firm he founded more than four decades ago. He'll be joining Janus Capital Group as manager of the Janus Global Unconstrained Bond Fund effective Sept. 29.
KKM Financial founder and CEO Jeff Kilburg told CNBC's "Power Lunch" anyone who has their money in a Pimco fund should rethink their investment.
"[Gross] is going to make a point at Janus," said Kilberg, also a CNBC contributor and a self-described "big Bill Gross fan."
"There's been a lot of volatility over at Pimco in the last couple months with Mohamed El-Erian leaving and I think Bill is going to go in there and make a bang."