How to Gross Out Your Portfolio

You have to hand it to Bill Gross for putting his money where his mustache is.

Recently the managing director of Pacific Investment Management, or Pimco, said he trimmed his position in Pimco's signature Total Return bond fund and placed the proceeds in a series of inflation-averse funds such as Pimco's Commodity Real Return Strategy fund.

The money manager's statement shouldn't have been a surprise to Pimco investors who saw his December investment outlook. In that report, Gross ranked his five favorite asset categories in what he calls "this current reflationary reversal." Gross likes, in order: commodities, foreign currencies, real estate, Treasury inflation-protected securities and non-dollar-denominated foreign bonds. ...