Matt KendallBillionaire fund manager Bill Gross has become the latest investor to take the plunge into Argentinian debt, adding the nation’s bonds to his $1.44 billion Janus Global Unconstrained Fund in May.
Argentina, as a result, has become one of the top 10 holdings of the Janus Global Fund, at a time when the country’s debt is posting the second-biggest returns in emerging markets over the past year.
The decision is a dramatic shift for Gross, who in December named Argentina, Venezuela and Zimbabwe as countries where inflation has grown due to lack of confidence in their currencies.
Add comment