While many investors have revived their love affair withcorporate bonds this year, one stands out: Pacific InvestmentManagement Co.'s (Pimco's) Bill Gross.
His $3.6 billion Total Return exchange-traded fund (ETF) hasmore than quadrupled its allocation to such notes since January tomore than 41 percent of its holdings. Gross isn't the only one tofind high-grade corporate bonds more appealing lately, given thatmutual-fund investors have poured $63 billion into the debt thisyear after pulling record amounts in 2013, according to Wells Fargo& Co. data.
On one hand, this makes sense because the U.S. economy has beenpicking up and the most-creditworthy companies look pretty goodbased on their balance sheets.
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