Pimco’s El-Erian Says U.S., Emerging Markets Are Top Investments

Markets in the U.S. and some emerging economies are the best investment opportunities, according to Pacific Investment Management Co.’s Mohamed El-Erian.

The U.S. as the preferred option “speaks to lots of investment opportunities that are better than what you see elsewhere in the advanced world,” El-Erian, the chief executive officer of the world’s largest manager of bond funds, said during an interview on Bloomberg Television’s “In the Loop” with Betty Liu. “Let’s not forget that the emerging world offers opportunities in the local rates and external credit and some equity markets.”