The $285.6 billion fund also in January increased its exposure to U.S. government and Treasury-related securities, which include U.S. Treasury notes, bonds, futures, and inflation-protected securities, data from the firm’s website showed on Monday. PIMCO increased its Treasury holdings to 30 percent from 26 percent, the most since July.
The PIMCO Total Return Fund decreased its exposure to mortgages, its largest holding, to 37 percent in January–the lowest since August 2011–from 42 percent in December, after hugely profitable bets last year. The PIMCO fund was up 10.36 percent in 2012, surpassing 88 percent of peers.
PIMCO fund decreases mortgage holdings
Most Popular Articles
Latest Articles
Pennymac posts first-quarter profit of $39M
Loan production income shrank in the first quarter, but the company’s servicing business continues to grow
-
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme
-
Top Producer Review: Features, pricing & alternatives
-
A&D Mortgage names new servicing manager
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products