NEW YORK ( TheStreet) -- Like many investors, bond giant PIMCO has become concerned that interest rates will rise. If that happens, bond prices could fall, and many fixed-income funds could sink into the red. A market decline could hurt even PIMCO Total Return (PTTDX), the top-performing fund run by bond guru Bill Gross.What can investors do for protection? Try PIMCO Unconstrained Bond (PUBDX). As its name suggests, the fund can use a variety of strategies, including selling bonds short, to achieve gains when rates rise.
PIMCO Unconstrained: Betting on Rising Rates
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