Nyhetslänkar Pimco’s past performance speaks for itself 2014-03-252014-03-25 PB 0 kommentarer morningstar, Pimco But history is not always a reliable guide to future returns Past performance may be no guide to the future, but it is all investors have to go on. Or is it? When Morningstar downgraded its “stewardship” rating on Pimco last week, citing upheaval in its investment process and the purported management style of its leader Bill Gross, it generated headlines but was never likely to prompt Pimco’s clients to pull their money. In fact, the research group reaffirmed its gold rating on Mr Gross’s $236bn Total Return Fund just two days later. The amorphous concept of stewardship only gets you so far. Pimco’s past performance speaks for itself – FT.com.
