06-12-2016 14:00 via news.yahoo.com

Janus' Gross sees Trump trade view hurting long-term stock prices

One of the world's most prominent investors, Bill Gross, predicted an end to the post-election stock rally, saying that Donald Trump's anti-globalization policies would restrict trade and reduce corporate profits over the long term. Janus Capital Group Inc's Gross on Tuesday advised fund managers to shift money into cash and cash alternatives if they are pursuing "unconstrained" strategies, which allow them to invest in many asset classes and sectors. "There's no doubt that many aspects of Trump
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