Vol. 9, issue 8, August 1st, 2012
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QUOTE OF THE MONTH:
"For bond markets: favor higher quality, shorter duration and inflation protected assets. Unless you want to earn an inflation adjusted return of minus 2-3% as offered by Treasury bills, then you must take risk in some form."
William H. Gross, founder, managing director and co-Chief Investment Officer, PIMCO
Pimco's Investment Outlook, April 2012

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