Morningstar reported through the Wall Street Journal that PIMCO’s $244BN Total Return Fund (PTRRX) suffered the first outflow on its history last year. $5BN left the fund in 2011 including $1.4BN in December as investors soured on PIMCO’s mis-timed trades in U.S. government bonds.
Read more: http://inpursuitofvalue.wordpress.com/2012/01/04/operation-twist-claims-a-victim/#ixzz1iaJSe0QM
No gain from term investing at these flat rate spreads in treasuries. The only game in town is riding on the Ben Oscillator.
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