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Pragmatic Capitalism

Practical Views on Money & Finance

PIMCO’s Picks & Pans

Via Bill Gross’s monthly letter – some picks and pans for the new normal:

But if a 2% or lower real growth forecast holds for most of the developed world over the foreseeable future, then it is clear that there will be investment consequences. Shown below, as recently published in a TIME Magazine article by Rana Foroohar, is a PIMCO list of future Picks and Pans based upon these ongoing structural changes:

Picks

  • Commodities like Oil and Gold
  • U.S. Inflation-Protected Bonds
  • High-Quality Municipal Bonds
  • Non-Dollar Emerging-Market Stocks

Pans

  • Long-Dated Developed-Country Bonds in the U.S., U.K. and Germany
  • High-Yield Bonds
  • Financial Stocks of Banks and Insurance Companies
Got a comment or question? Feel free to contact Cullen via email here or on Twitter here.
Cullen Roche

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering asset management, private advisory, institutional consulting and educational services. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance and Understanding the Modern Monetary System.

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