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The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
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Wednesday, August 14, 2013 El Erian: Investors Won't Get Clarity Soon Pimco [profile] CEO Mohamed El-Erian pontificated on major economic changes underway on CNBC's "Fast Money," CNBC's Bruno Navarro writes. El-Erian said the U.S. debt ceiling, a new Fed chair, the tapering of asset purchases and political and economic turmoil in Europe could cause major uncertainty in the economy. El-Erian was quoted as saying investors are waiting for economic "clarity" in the fall, but they may not get it as soon as they would hope. Navarro quoted El-Erian as saying there are two reasons for the Fed tapering, and investors will favor one reason over the other. The Pimco CEO is quoted as saying, "Now the key issue is to ask why it would be postponed and there's two possibilities…"It's postponed because the data is weak, and that's not good news. Or it's postponed because they're less worried about the costs and risks of prolonged reliance on unconventional policies." Meanwhile, Pimco founder Bill Gross boosted Pimco Total Return Fund's U.S. government-related holdings in July, The Wall Street Journal's Min Zeng writes. To read more, click here. http://blogs.wsj.com/moneybeat/2013/08/09/pimcos-bill-gross-boosts-u-s-government-related-holdings-in-july/ Printed from: MFWire.com/story.asp?s=45499 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |