El-Erian Holds 30% in Cash as Central Banks Distort Markets
Wes Goodman
richwesgoodman
October 20, 2016 — 11:14 AM WIB Updated on October 20, 2016 — 4:09 PM WIB
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El-Erian: Markets Right to Price in December Hike
Adopts barbell strategy favoring both ends of risk spectrum
Now is a better time to sell stocks than to buy, El-Erian says
Mohamed El-Erian said he’s favoring cash as well as the riskiest investments, such as venture capital, in his own portfolio.
El-Erian is less bullish on publicly traded securities such as stocks and bonds because global central banks have pushed their prices to “distorted” levels, he said in an interview in Singapore. Cash comprises about 30 percent of his portfolio, which is more than most people have, according to El-Erian.