“Imagine what is going to happen when the panic over climbing interest rates really starts. Bill Gross’s Pimco Total Return Fund, a bond fund and the world’s largest mutual fund, had $9.9 billion in net redemptions last month as investors fled bonds in anticipation of higher interest rates. The withdrawals left the fund with $268 billion in assets at the end of June, Morningstar said.”
http://www.economicpolicyjournal.com/2013/07/pimco-total-return-had-99-billion.html
Related posts:
Four Men Busted for Stealing Hundreds of Thousands From Bank Accounts Using Fake Credit Cards
Wisconsin lawmaker & state official threatened with arrest for observing protest
Saudi prince defects from royal family
Four cancer breakthroughs clear way for drugs that block tumor growth
Privacy services companies stand up against Big Brother
Senator Rand Paul Introduces Bill to Repeal FATCA
NASA knew Columbia crew would die but chose not to tell them
4 Year Old’s Veggie Garden Must Go, Says USDA Subcontractor
Police Get Paid Vacation After Killing Man With Bulldozer Over 10 Pot Plants
Toughest encryption cracked by listening to your CPU with a phone
'Candy Crush' Developer Trademarks the Word Candy
Kansas AG Seeks Invalidation Of Voter-Approved Marijuana Ordinance
Dubious 'bankster' behind Russia’s bid to trademark Bitcoin
America Is Setting A Dangerous Precedent For The Drone Age
U.S. Courts Penetrate Domestic Asset Protection Trusts