Pimco’s Gross Shifts Family Holdings in Bond Market Rout – Bloomberg 06-21-13

Salient to Investors:

Cecilia Gondor at Thomas J. Herzfeld Advisors said closed-end funds have sold off since May due to concern that the underlying value of the bonds they hold will suffer should the Fed taper QE. Gondor said retail investors looking for income gravitated to the Pimco funds because they see Bill Gross on TV everyday and have a lot of confidence in Pimco.

Read the full article at http://www.bloomberg.com/news/2013-06-21/pimco-s-gross-shifts-family-holdings-in-bond-market-rout.html

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