EW YORK (CNNMoney) - Pimco's Total Return Fund (PTTRX), The World's Biggest Bond Fund, ITS slashed exposure to U.S. government debt to zero last month.
It's the second month in a row That Well-Known fund manager Bill Gross has drastically Reduced Pimco's exposure to U.S. debt.Gross government has Been very vocal about his feelings Toward U.S. interest rates, saying in January That They Were "Robbing" That investors and U.S. government debt Should Be "exorcized" from Investors' Portfolios.
The Total Return Fund Held about 22% of the ITS Holdings in U.S. government debt as recently as December, But Reduced Thurs Those holdings, about 12% in January.
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