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Gross: ‘I Don’t Like Bonds, Most Stocks,’ Favors Real Assets

  • Latest warnings echo DoubleLine’s Gundlach and Oaktree’s Marks
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Bill Gross on What Investors Could Buy

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Money manager Bill Gross says investors should favor gold and real estate while avoiding most stocks and bonds trading at inflated prices.

“I don’t like bonds; I don’t like most stocks; I don’t like private equity,” Gross, who runs the $1.5 billion Janus Global Unconstrained Bond Fund, wrote in his monthly investment outlook Wednesday. “Real assets such as land, gold and tangible plant and equipment at a discount are favored asset categories.”