Portfolio must balance caution, conviction: Pimco’s Sundstrom

Bloomberg/Video/6-26-2020

photo of stacks of gold bars“‘One thing we’ve done is to start looking at gold,’ says Geraldine Sundstrom, portfolio manager, asset allocation at Pacific Investment Management Company, as she explains how the firm is preparing its portfolio in the current market. She speaks with Bloomberg’s Francine Lacqua on ‘Bloomberg Surveillance.’”

USAGOLD note:  Pimco joins the list of major financial firms incorporating gold in their portfolio mix.

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