Gross recommends that investors start to take a more conservative positioning with their portfolios.
He cites specific examples of investing in very high-quality corporate bonds such as Apple (AAPL) and limiting exposure to long-dated fixed income investments.
For PIMCO specifically, Gross is reducing the duration of its portfolio because he believes that at some point there will be a consequence to the Fed action.
He thinks asset prices have been elevated by government action, as has the economy which is helped by extremely low interest rates.
He cites specific examples of investing in very high-quality corporate bonds such as Apple (AAPL) and limiting exposure to long-dated fixed income investments.
For PIMCO specifically, Gross is reducing the duration of its portfolio because he believes that at some point there will be a consequence to the Fed action.
He thinks asset prices have been elevated by government action, as has the economy which is helped by extremely low interest rates.
