Lessons From the Bill Gross Saga
The time was right.
(Yes, it's been a while. I was on vacation in mainland China and Hong Kong, exiting the latter just as the tear gas was entering.)
No advice here on whether to buy, sell, or hold. That's the task of Morningstar's bond-fund research team, which has downgraded PIMCO Total Return (PTTRX) from an Analyst Rating of Gold to a lower but still-positive rating of Bronze, and which is in process of evaluating Bill Gross' new charge, Janus Unconstrained Bond (JUCIX).
John Rekenthaler has a position in the following securities mentioned above: PTTRX. Find out about Morningstar’s editorial policies.