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Pimco's Total Return Fund cuts bet on bonds

Wednesday, September 14, 2016 - 05:50

New York

PACIFIC Investment Management Co's Total Return Fund, the world's biggest actively run debt fund, is trimming its bet on bonds.

Total Return cut the duration of its holdings to 5.27 years as of Aug 31 from 5.44 years at the end of July, based on data on the company website