Skip to main content

Originally published Saturday, February 15, 2014 at 8:00 PM

  • Share:
  • Comments (0)
  • Print

Pimco boosts government holdings in biggest bond fund

The U.S. bond market had the best start to a year since 2008 as Pimco’s $237 billion Total Return Fund raised holdings of Treasurys and government-related debt.

Bloomberg News

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >


Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co. (Pimco), raised holdings of Treasurys and government-related debt in January as the U.S. bond market had the best start to a year since 2008.

The proportion of the securities in the $237 billion Total Return Fund was 46 percent last month, compared with 45 percent in December, according to the company’s website.

Mortgage debt accounted for 36 percent in January, compared with 35 percent the previous month.

Pimco doesn’t comment directly on monthly changes in holdings or specific types of securities within a market sector. The company is a unit of the Munich-based insurer Allianz.

The Total Return Fund gained 1.8 percent as of Feb. 7, beating 87 percent of peers. The fund last year lost investors 1.9 percent, the most since 1994, while falling behind 65 percent of peers.

Treasurys returned 1.6 percent in January, the best start to a year since advancing 2.5 percent in 2008, according to the Bank of America Merrill Lynch U.S. Treasury index.

The Total Return Fund had estimated withdrawals of $3.5 billion in January, after suffering its worst year of net redemptions in 2013, research firm Morningstar said. The fund had redemptions of $41.1 billion last year.

News where, when and how you want it

Email Icon

Relive the magic

Relive the magic

Shop for unique souvenirs highlighting great sports moments in Seattle history.



The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited content access is included with most subscriptions.

Subscriber login ►