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.