NEW YORK (MONEY Magazine) -
Pimco Total Return ranks as the world's largest bond fund and is a staple of 401(k) plans. So it was news when manager Bill Gross told the New York Times in January that he had yanked some of his own money out of the fund.
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Gross has a superb track record. So shareholders in Pimco Total Return and, for that matter, investors in any other bond fund, have to be asking themselves, should I follow Bill to the exits?
We think the answer is yes -- but only with some of your money. Gross' bear call is a reason to fine-tune your portfolio, not overhaul it.
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