Bill Gross Bets Big on Mexico Months After Slashing Bond Holding

07/25/2016 Bloomberg 

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Photo Credit: Bloomberg

Billionaire bond fund manager Bill Gross is rekindling his love of Mexico.

 

The nation’s inflation-linked notes maturing in 2025 were among the top five holdings in Gross’s $1.5 billion Janus Global Unconstrained Bond Fund as of June 30, according to the fund’s website. Just three months earlier, he’d unloaded all of his Mexican government debt, marking what appeared to be a significant shift in his investment strategy after he’d spent years touting the country’s financial assets.

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