Mohamed El-Erian, co-CEO of Pimco, the world’s largest bond fund, told CNBC on Tuesday that it’s “too early to declare victory” on a market rally. In the interview, he say there are three main issues that must be addressed if the rally is to be sustained. The recent surge in job creation will also uplift investor sentiment, he believes.
Since the financial crisis, Warren Buffett's Berkshire Hathaway has had significant exposure to financial stocks in its portfolio. Q1 2021 hedge fund letters, conferences and more At the end of March this year, Bank of America accounted for nearly 15% of the conglomerate's vast equity portfolio. Until very recently, Wells Fargo was also a prominent Read More