(Bloomberg) -- Bill Gross's British stamps, which go
on auction in New York on June 11 to benefit a charity, have
proven to be a better investment than his bond fund.
The manager of the world's largest bond fund stands to
raise $5 million or more from the stamps he bought for $2
million, mostly in 2000, said Charles Shreve, Gross's stamp
adviser. His $104 billion Total Return Fund had a 6.9 percent
average annual return in the past 10 years, according to
Morningstar Inc. data.
Read more at Bloomberg Bonds News
on auction in New York on June 11 to benefit a charity, have
proven to be a better investment than his bond fund.
The manager of the world's largest bond fund stands to
raise $5 million or more from the stamps he bought for $2
million, mostly in 2000, said Charles Shreve, Gross's stamp
adviser. His $104 billion Total Return Fund had a 6.9 percent
average annual return in the past 10 years, according to
Morningstar Inc. data.
Read more at Bloomberg Bonds News
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