Shaking up the Investment Mix

Pimco's boss, Mohamed El-Erian, tells how to reduce risk and reap rewards in a fast-changing world.

By Fred W. Frailey, Contributing Editor

Mohamed El-Erian has a vision of the economic future that may both frighten and reassure you. He sees a tectonic shift occurring, as emerging economies in Asia and elsewhere join the established powerhouses, especially the U.S. No longer will the world simply march to our beat; the U.S. will have to share leadership with emerging giants, such as China and India.

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