NEW YORK ( CNBC) -- An extended period of "financial repression"--brought on by low interest rates--means investors will have to do what they can to get income while keeping up a strong defense against global slowness, Pimco's Mohamed El-Erian told CNBC Monday. Portfolios should include a healthy mix of stocks, fixed income and foreign exchange currencies that keep investors exposed to growing parts of the world and protected against debt-burdened areas that won't do as well, the co-CEO at the world's largest bond fund said in a live interview. If you look at the advanced economies, the US is the cleanest dirty shirt. It is not purely clean, but it is cleaner than what you see in Europe, than what you see in Japan," El-Erian said.
By Jeff Cox, CNBC.com Senior Writer
|More from CNBC VW Revs Up Profits and Pressure on GM |
Will Portugal Follow Greece Into Debt Relief?
The Problem With Social Security