Equities more attractive than real assets: Gurwitz
Barclays Wealth investment strategist Aaron Gurwitz says investors should look past worries in both East and West to focus on developed-market stocks.
“There’s a lot of noise,” Aaron Gurwitz, New York-based investment strategist at Barclays Wealth, says. He cites fears about quantitative easing, eurozone sovereign debt, US municipal credit and Chinese overheating.
“But cut through this and you see that developed economies are growing, but not fast enough to bring unemployment down, which means central banks are not going to turn restrictive in 2011.”
Meanwhile, companies have served shareholders well with strong balance sheets and t…
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