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Rating:Pimco's Gross Says Butler Creek Has Gone Dry Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, July 26, 2010

Pimco's Gross Says Butler Creek Has Gone Dry

News summary by MFWire's editors

Fundsters who keep an eye on Pimco superstar Bill Gross may be a little surprised by his recent remarks to Bloomberg. As Pimco prepares a push into equities, Gross told the wire service that bonds will not grow as fast (for the next decade or two) as stocks and real estate.

"Bonds have seen their best days," Gross said. "Over the long term, stocks return more than bonds when appropriately priced at the beginning of an investment period."

Fundsters interested in the details of Pimco's bet on equities and Gross' take on the future of investing may want to take a look at the full, five-page Bloomberg article. 

Edited by: Neil Anderson, Managing Editor


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