I have to agree 100% with this Fortune article on what the Buy-and-Hold in this tough market. The article basically says to buy Index funds, Banking stocks, emerging market debt, and global stocks. I'm looking into this fund as a pretty interesting allocation going forward.
To make it easy for regular investors to accomplish all of this in one fell swoop, on Oct. 29 El-Erian launched a new fund called the Pimco Global Multi-Asset Fund (PGAPX). Using the asset mix above, the objective of the fund is to outperform a 60/40 blend of the MSCI World index of stocks and the Lehman Brothers Aggregate Bond index while incorporating hedging techniques against systemic risk scenarios. El-Erian is the fund's lead manager. With an expense ratio of 0.95%, it's not the cheapest mutual fund, but it offers broad diversification with one of the world's best risk managers at the helm. Over the long term, hopefully, that combination will produce good returns.
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