TIPS Lose Luster As Money Manager Warns About Long-Term Threats

Thursday, February 03, 2011 08:06
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TIPS Lose Luster As Money Manager Warns About Long-Term Threats

A top Pimco money manager says he has begun to underweight Treasury Inflation-Protected Securities.

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Mihir Worah, manager of the Pimco Real Return Fund, says he is concerned about future threats to TIPS posed by the ballooning U.S. deficit along the soaring costs of Social Security and Medicare.
 

Worah tells Wall Street Journal blogger Murray Coleman that investors should consider more exposure to commodities instead.
 

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