Technology Slice Blog

Pimco Total Return Fund - PIMCO's Total Return Fund, the world's biggest bond portfolio, raised holdings of mortgage-related assets in October to the highest level since July 2009 and continued to shun government-related securities including Treasuries and interest-rate swaps. The $256 billion Total Return Fund, run by Bill Gross, boosted mortgage assets to 39 percent last month from 28 percent the previous month, while government-related securities stood at 28 percent last month, down from 33 percent in September, PIMCO's website showed. Gross' latest monthly investment outlook provides a glimpse into the firm's asset-allocation strategy. In late October, Gross told clients in his investment piece that he favored U.S. agency mortgages because they were yielding 200 basis points "more than those 1 percent Treasuries." Pimco Total Return Fund Gross, who also helps oversee more than $1.1 trillion with co-chief investment officer Mohamed El-Erian, sa...