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PIMCO Total Return Fund May 2013

PIMCO Total Return Fund, the world largest bond fund with $292.9 B, managed by Bond King, Bill Gross, returned 6.8% over the past year, beating 90% of its peers.  On 2013-05-11, he twitted that the his ‘gut feel’ says bond bull market has “likely ended” on 2013-04-29 and that fixed-income returns will probably be in the range of 2% to 3%.

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PIMCO Total Return Raises Holdings of Treasuries

PIMCO Total Return Fund, managed by Bill Gross with AUM $289 Billion, increased its holdings of Treasuries from 28% to 33% of asset last month, the highest level since July.  It cuts mortgage holdings from 36% to 33% in March, maintain its holdings of non-US developed nations debt at 11%; investment-grade credit at 9%; emerging market debt at 7%; municipal-bonds holding at 5% and net cash-and-equivalent position from negative 3% from negative 1%.

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MAN rewrites AHL with Evolution

Man Group,  the world’s second largest hedge fund manager, has ‘re-written’ its flagship computerised momentum-driven AHL program named “Evolution” to overcome the impact of quantitative easing and the ongoing Eurozone crisis.  The fund lost 12% since quantitative easing began in 2009.  Prior to that, the fund delivered 15%p.a. With the new program, the fund which manages $16.3bn has made 18% this year (2012) and 16% last year (2011).

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MSCI Southeast Asia Index

The capitalisation of the MSCI Southeast Asia index, which includes many of Asia’s other fast-growing economies, is just 2 per cent of that of the global index. But it has outperformed its global peer by a resounding three times over the past three years.  As the equities are now looking expensive, profit margins are starting to peak and individual countries have their own particular challenges,moving into 2013 the ‘rally’ is unlikely to continue.

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PIMCO Total Return Fund Increased Holdings in Treasuries 2012

For the first time since April 2012, Bill Gross, who runs the world’s biggest bond fund, $281 Billion – PIMCO Total Return Fund, increased holdings of Treasuries from 20% in September to 24% in October.  Treasuries comprised 31 percent of the portfolio in April and were increased to 35 percent over the next two months before Gross began reducing his stake.  Mortgages remained the fund’s largest holding at 47% down from 49% a month earlier.

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