As a sign of the times, two of Pimco’s bond funds have been downgraded by Morningstar while its non-bond related fund, the actively managed Commodity Plus Strategy, received an upgrade.
What is working for Pimco with upgrade was source of dispute
Interesting to note is that the Commodity Plus actively managed fund was one of the alternative strategies that caused tension between Pimco founder Bill Gross and former #2 in command Mohamed El-Erian.
The development of additional alternative strategies and the recent Morningstar downgrade are related in some very important ways. As previously reported in ValueWalk, when...
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