Pimco Total Return Fund up 0.49 pct in July -Morningstar

NEW YORK Thu Aug 1, 2013 10:32am EDT

NEW YORK Aug 1 (Reuters) - The Pimco Total Return Fund, the world's largest mutual fund, posted a positive return of 0.49 percent in July after suffering its weakest performance since 2008 in June, preliminary data from Morningstar showed Thursday.

The Pimco Total Return Exchange-Traded Fund, meanwhile, was down 0.09 percent in July after falling 2.21 percent in June.

The DoubleLine Total Return Bond Fund, run by Jeffrey Gundlach, was down 0.22 percent in July. That marked an improvement from June, when it was down 1.74 percent, its weakest performance since inception.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.