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Rating:Gross Likes Bogle, Not Eagle-Borne Risk Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 04, 2013

Gross Likes Bogle, Not Eagle-Borne Risk

News summary by MFWire's editors

Bill Gross likes Jack Bogle, Ray Dalio and Jeremy Grantham. On the flip side, the Pimco [profile] bond fund guru doesn't like "traditional risk" and fears a coming "eagle's wings"-shaped junction in the markets. Meanwhile, investors pulled money out of Gross' gigantic flagship, Pimco Total Return Fund, for a record seventh month in a row.

Gross reveals his admiration and his fears as well as the amazing fact that he and Bogle have never met in his December 2013 Investment Outlook.

As Gross shares his wit and his worries, Reuters and the Wall Street Journal are highlighting the $3.7 billion in net outflows that Gross' fund suffered last month, pushing year-to-date outflows to $36.9 billion (nearly ten times the $4.97 billion that flowed out in 2011, the fund's only full year of net outflows). Yet the WSJ notes that the outflow pace has slowed, from a record of $9.6 billion in June.

As for Gross' latest monthly Investment Outlook, as per usual it's being picked up by a host of news outlets, including:

-Barron's, which posted Gross' Investment Outlook itself;

-Barron's, which also posted an article on Gross' column;

-Bloomberg BusinessWeek, "Gross Says Central Bank Cash Influx Raises Global Assets' Risk";

-Citywire Global, "Bill Gross hits out at central banks' 'desperate gamble' for growth";

-Live Trading News, "PIMCO's Bill Gross: Be Afraid, As Global Economies Increasingly At Risk";

-the Los Angeles Times, "Pimco's Gross warns easy-money policies increase global economic risk";

-MarketWatch, "The bromance between Bill Gross and Jack Bogle";

-Reuters, "Global economies increasingly at risk - Pimco's Gross";

-Seeking Alpha, "Gross: Fears lurk 'deep in the bowels of central banks'";

-a Seeking Alpha contributor, "Don't Fight Central Banks, But Be Afraid";

-the Sydney Morning Herald, "Cheap money means risk is mispriced, says Pimco boss Bill Gross";

-ValueWalk, which posted Gross' Investment Outlook;

-the Wall Street Journal, "Bill Gross: 'T' Time for Markets"; and

-Zero Hedge

Edited by: Neil Anderson, Managing Editor

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