05-12-2014, 10:45 AM
Benchmarking is important for investor, instead of focusing only on absolute return...
After pulling billions, former Pimco investors may not be better off
NEW YORK - When Bill Gross bolted Pimco in late September after months of mediocre performance in his Total Return Fund, clients including Wells Fargo & Co. WFC.N and Charles Schwab Corp SCHW.N pulled over $61 billion from the Newport Beach, California-based money manager. Where the money landed may be no better than where it left.
The reaction to Gross's sudden exit has put some money in rival bond funds that charge higher fees, produce lagging returns, have limited track records and in some cases, riskier holdings.
"Investors have made a knee jerk reaction away from Pimco, but in doing so they need to make sure that what they are buying is a better alternative," said Todd Rosenbluth, director of mutual fund research at S&P Capital IQ.
Some funds with very short track records have shown inflows that coincide with the Pimco money exodus.
...
http://www.todayonline.com/business/afte...-be-better
After pulling billions, former Pimco investors may not be better off
NEW YORK - When Bill Gross bolted Pimco in late September after months of mediocre performance in his Total Return Fund, clients including Wells Fargo & Co. WFC.N and Charles Schwab Corp SCHW.N pulled over $61 billion from the Newport Beach, California-based money manager. Where the money landed may be no better than where it left.
The reaction to Gross's sudden exit has put some money in rival bond funds that charge higher fees, produce lagging returns, have limited track records and in some cases, riskier holdings.
"Investors have made a knee jerk reaction away from Pimco, but in doing so they need to make sure that what they are buying is a better alternative," said Todd Rosenbluth, director of mutual fund research at S&P Capital IQ.
Some funds with very short track records have shown inflows that coincide with the Pimco money exodus.
...
http://www.todayonline.com/business/afte...-be-better
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