Gross, who has earned the title “the Bond King”' for his mastery over the bond market, has boosted U.S. government and Treasury debt to 38 percent of assets in Pimco’s $250.5 billion Total Return Fund from 30 percent in December, Bloomberg reported. Buffett, another investment guru with a faithful following, said Thursday in an adaptation from his upcoming shareholder letter posted on Fortune magazine’s website that taxes and inflation should deter investors from buying debt.
Gross, who has earned the title “the Bond King”' for his mastery over the bond market, has boosted U.S. government and Treasury debt to 38 percent of assets in Pimco’s $250.5 billion Total Return Fund from 30 percent in December, Bloomberg reported.
ReplyDeleteBuffett, another investment guru with a faithful following, said Thursday in an adaptation from his upcoming shareholder letter posted on Fortune magazine’s website that taxes and inflation should deter investors from buying debt.