Salient to Investors:

Morningstar said investors pulled $14.5 billion from Pimco’s US mutual funds in June, $18.7 billion from Pimco’s Total Return fund since May.

Bill Gross at Pimco said bond managers need to adapt to an era of lower fixed-income returns by being flexible and embracing unconstrained strategies, alternative assets and stocks that protect investors from market risks. Gross said investors can still profit with fixed-income securities by focusing on bonds issued by less than Aaa-rated sovereign nations and corporates contain credit risk, which yield more than those of countries such as the US, and from trading strategies that profit from the yield curve.

Read the full article at  http://www.bloomberg.com/news/2013-08-08/pimco-s-gross-vows-to-win-bond-war-after-redemptions.html

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