(Bloomberg) -- Bill Gross, manager of the world's biggest bond fund, said developing nations' local bond and currency markets may provide the best returns this year as their strengthening economies lure foreign investment.
Gross, who manages Pacific Investment Management Co.'s $100 billion Total Return Fund, also recommended investments in commodities, whose rally has spurred the expansions in emerging- market countries such as Brazil and Russia. He said Pimco will invest in more foreign currencies as slowing U.S. growth continues to push down the dollar.
Read more at Bloomberg Emerging Markets News
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