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 |
|
Tuesday, January 29, 2013 Rogers Predicts a "Great Rotation: Money Coming Out of Bill Gross' Portfolio" The Pimco Total Return Fund [profile] is the biggest mutual fund in the world right now, yet 2013 could be the year of "the great rotation: money coming out of Bill Gross's portfolio and going into the equity market." T. Rowe Price [profile] chairman and chief investment officer Brian Rogers shared that prediction recently at the Barron's 2013 Roundtable. Gross himself was one of the eight other members of the panel. "Sorry, that hasn't happened," Gross said of Rogers' prediction. Gamco [profile] chief Mario Gabelli, the editor of the High-Tech Strategist, and top investors from Delphi, Eagle Capital Partners, Goldman Sachs, O.S.S. Capital and Zulauf Asset Management rounded out the panel. Gabelli predicted at best modest market gains for 2013, yet he added that he has "never been more excited about specific stocks." He anticipates big gains from "financial engineering" this year. The nine members of the panel all sorts of economic forecasts, big and small. Read the transcript here. Printed from: MFWire.com/story.asp?s=42835 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |