Why does Pimco bond fund decline?
July 5th, 2009
Why does the Pimco bond fund, PTTRX, continue to decline? Interest rates are not going up, which is what usually causes bond funds to decline. Is it something to do with their portfolio?
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Have you read the investment characteristics of this fund off their website??
Read the fine print about high yielding securities, fixed debt instruments and foreign currency hedges.