In the Margins

Gross sees no 'new Trump bull market in the offing'...

November 16, 2016

By Bloomberg

President-elect Donald Trump's plan to reduce taxes and increase infrastructure spending is unlikely to bolster economic growth or equities, said Bill Gross, manager of the $1.68 billion Janus Global Unconstrained Bond Fund. “There is no new Trump bull market in the offing. Investors must drive with caution, understanding that higher deficits resulting from lower taxes raise interest rates and inflation, which in turn have the potential to produce lower earnings” and price/earnings ratios. Read the original story from Bloomberg.

 

 

Most Read

A Seat at the Table
Invesco Funds board finalizes succession plans

The Invesco Funds board will name Christopher Wilson vice chairman at its June meeting, making him the heir apparent to long-serving independent Chair Bruce Crockett. Crockett ...

Top of the Agenda - Compensation
Fund board comp moves up, as industry keeps changing

Analyzing mutual fund director compensation data is getting increasingly difficult as consolidation reshapes the mid-sized to large end of the market and a reduction in stand-alone ...

Top of the Agenda - Industry Groups
IDC's Amy Lancellotta to retire at year-end

Amy Lancellotta will retire from the Independent Directors Council at the end of this year after 13 years as managing director and a total of 30 ...