20100821 Bloomberg TV is reporting that PTTAX (Pimco total return fund) under the Allianz group, returning 7% Year to Date. In addition, the fund is attracting new inflows of US1 billion a week. 7% is great for retirees, but is it that good? Anyway it is symptomatic of the fear in the markets that money is flowing into safe investments like bonds, hardly a recipe for a stock market crash....
Labels: fkli, index futures, Pimco
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