PIMCO's Outlook: Slower Growth, Lower Returns

Bond managers typically focus on the macroeconomic factors that favor fixed-income investing: low inflation and slow-and-steady economic growth.  Bill Gross, PIMCO's managing director and one of the most successful bond managers, outlines his view of the future in the firm's August Investment Outlook:

  • Lower corporate profit growth
  • Permanently higher unemployment
  • Restrained consumer spending
  • Increased government involvement in business

Gross favors conservative bonds and stocks in this environment -- spoken like a true bond manager. Please click here for PIMCO's Investment Outlook.