Bill Gross lives and works 3,000 miles away from Wall Street. And it just may have been that distance from the world's financial capital that enabled Gross and his colleagues at Pacific Investment Management Co. to anticipate what few saw coming: the housing crisis.
Pimco's flagship Total Return Fund had a 10-year annualized total return of 7.7% for the decade, according to Morningstar, with similar performances from its three- and five year funds. Gross’ Harbor Bond is also a current Morningstar [MORN] Analyst Pick.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access