MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, June 22, 2012 Gross Warns Against Risk Assets Aberdeen Asset Management announced that it is underweight on stocks, triggering Bill Gross [profile] to warn against risk assets, Bloomberg News reports. In a Twitter post picked up by the news service, the Pimco Total Return Fund PM said the vulnerability of risk markets increase as the "monetary bag of tricks empties." Peter Elson, Asia-Pacific strategy head at Aberdeen, said in an interview with Bloomberg Television: We’re still certainly very comfortable running our underweight equity positions that we took out in March. Economies will continue to contract. There will be this realization that the governments are not perhaps as able to act as they have been in recent years.Data from Bank of America Merrill Lynch shows that since end of March, global sovereign bonds have gained 1.9 percent while a 7.9 percent was lost by the MSCI World Index of equities in the same period. Printed from: MFWire.com/story.asp?s=40403 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |