Fund's biggest position, at nearly 35% of the portfolio, is in mortgage-related securities; government debt cut to 8.5% of assets.
The bond manager's call proved correct, but he admits his bet on a narrow trading range was not.
On today's <i>Breakfast with Benjamin</i>, the market's reaction to a repeal of Obamacare might not be pretty. Plus: Financial advisers take on defined contribution plans, cheap oil uncovers driller debt burdens, and Kraft Foods gets (Cadbury Crème) Egg on its face.
TCW has the highest level of cash in its credit funds since the 2008 financial crisis.
Altegris founder launches new model likely to draw naysayers (who will be singing a different tune when the market corrects)
<i>Breakfast with Benjamin</i>: A weakening China will show the world how much it is really hooked on the Chinese economy.
Income stream made of put options is up 12.7% so far this year, triple the S&P 500.
Investors have pulled $1.44 billion from fixed income ETFs so far in June amid a drop in Treasuries, making it a smart move. But lurking uncertainties mean the jury is still out.
<i>Breakfast with Benjamin:</i> Male financial advisers still can't find a way to fully communicate with the female half of client couples. Here's why.
Just because your house hasn't burned down yet doesn't mean you can skip insurance.
<i>Breakfast with Benjamin</i>: Thanks to energy savings and signs of wage increases, Nuveen's chief equity strategist banks on consumers stepping up.
<i>Breakfast with Benjamin</i>: The firm files suit against the Financial Stability Oversight Council, charging them with acting as 'judge, jury and executioner.'
<b>Breakfast with Benjamin:</b> Most Americans aren't sitting on 401(k) balances that they can afford to skim, yet an estimated 26% have loans outstanding.
$5.3 billion flows into bond mutual funds in first week of June, even as yields continue to rise
<i>Breakfast with Benjamin</i>: The worst part about the bond market selloffs in the U.S. and Europe is the not knowing why.
He plans to get by with a lot of help from consumers
<i>Breakfast with Benjamin</i>: Welcome to the upside-down world of too much liquidity creating illiquidity.
<i>Breakfast with Benjamin</i>: Even if the Fed isn't sure when they'll occur, retirees should be bracing for rising interest rates.
<i>Breakfast with Benjamin</i>: More Fed handwringing is coming, as concern that the Fed already missed its chance to raise rates persists.
Apple Inc., led by CEO Tim Cook, and other tech giants have joined the ranks of the biggest buyers of corporate debt, a market traditionally dominated by the likes of Pimco, BlackRock and Vanguard.
