Bill Gross Says PIMCO Moving Into Equities

By on June 17, 2010

Geraldine Tan at CNBC reported today that bond guru Bill Gross is shifting portfolios to a heavier equity allocation. “Corporate equities, in terms of valuation, are selling at very low P/E ratios and in some cases might be perceived to be almost as safe, or almost as secure as the sovereigns themselves,” said Gross.

Source: CNBC
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