"Technological innovation is disrupting traditional business models of many industries, putting a lid on prices and influencing inflation in the economy overall," BlackRock Chief Investment Officer Rick Rieder wrote.
Precidian Funds LLC is planning to offer U.S. investors blue-chip foreign stocks in a fund structure that could eliminate the risk of a falling foreign currency hurting the stock price.
"It’s the real economy that counts and global real economic growth is and should continue to be below par," Gross wrote in his June investment outlook letter.