NEW YORK, July 12 Bill Gross, the manager of
the world's largest bond fund, slightly increased exposure to
Treasuries and bulked up his stake in non-U.S. debt in June,
according to PIMCO's website on Tuesday.
Gross' $243 billion Total Return Fund (PTTRX.O) held 8
percent in U.S. Treasuries and Treasury-related securities as
of the end of June 30, up from 5 percent as of the end of May.
The Government Treasury classification in Gross' flagship
fund includes fund holdings of U.S. Treasury notes, bonds,
futures and inflation-protected securities, Pacific Investment
Management Co said.
Gross, who also helps oversee $1.2 trillion in assets as
co-chief investment officer at PIMCO, increased its stake in
non-U.S. debt in June for a second consecutive month in June,
to 13 percent from 10 percent.
As of June 30, Gross' Total Return fund held a negative 9
percent short position in the newly-created investment category
referred to as swaps and "liquid rates," which will include
U.S.-dollar-denominated interest-rate swaps, swaptions, options
and other derivatives. That position was unchanged from May.