Pimco Total Return Fund drops another $11.6B even with decent performance
Breakfast with Benjamin Despite beating 94% of its peers since Bill Gross left the company, Pimco's Total Return Fund still dropped $11.6 billion in January. Plus: Crude oil drives the markets, unbelievable unemployment data, and finding some investments buried beneath the winter snow.
- Pimco Total Return Fund notches 21 straight months of redemptions, including $11.6 billion in January. Meanwhile, since the September departure of Bill Gross, the $134.6 billion fund has beaten 94% of its peers. The fund is up 2.45% so far this year
- Crude oil jumps 7% and stocks go wild. Are we becoming fixated on the price of oil, instead of just enjoying cheap gas prices? A 19% spike over the last four sessions to the highest point of the year
- Is the reported 5.6% unemployment rate an accurate measure of the nation’s unemployed? Not even close. The big lie that everyone wants to believe
- If the groundhog is right, and we’re looking at another six weeks of winter, you might as well make the most of it with a few portfolio adjustments. CMP, COLM, JAH, TTC
Learn more about reprints and licensing for this article.