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Thursday, February 4, 2010

Bond King Gross: Do not invest in the U.S.

Bond management king Bill Gross favors investing in emerging markets over developed ones, thanks to superior economic performance in the former.

“Risk/growth-oriented assets, as well as currencies, should be directed toward Asian/developing countries less levered and less easily prone to bubbling,” Gross, chief investment officer at Pimco, wrote in his monthly investment outlook.

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