Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Gross Warns Against Risk Assets Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 22, 2012

Gross Warns Against Risk Assets

News summary by MFWire's editors

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. 

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use