Aug
03
Gross: ‘I Don’t Like Bonds, Most Stocks,’ Favors Real Assets
By-
Latest warnings echo DoubleLine’s Gundlach and Oaktree’s Marks
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Janus manager: Lack of global growth driving ‘Ponzi finance’
Money manager Bill Gross says investors should favor gold and real estate while avoiding most stocks and bonds trading at inflated prices.
“I don’t like bonds; I don’t like most stocks; I don’t like private equity,” Gross, who runs the $1.5 billion Janus Global Unconstrained Bond Fund, wrote in his monthly investment outlook Wednesday. “Real assets such as land, gold and tangible plant and equipment at a discount are favored asset categories.”…
Gross: ‘I Don’t Like Bonds, Most Stocks,’ Favors Real Assets
