Was Gross Crowned Bond King Too Soon? - Show 20-1

Tuesday, March 6, 2012 3,172 views

Mark and Tom discuss an error made by active bond manager Bill Gross when he bet against Treasuries by eliminating Treasury bonds from his Pimco Total Return Fund (PTTRX). Following that move, he issued a mea culpa to his clients and has since added U.S. government debt back into the Fund.  Mark presents charts that show that passive may beat active in fixed income, no matter how you slice it.

Chart Reference here.

 



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