Trump trade position to hurt stock prices, says Bill Gross

One of the world's most prominent investors, Bill Gross, predicted an end to the post-election stock rally, saying that Donald Trump's anti-globalisation policies would restrict trade and reduce corporate profits over the long term.

Janus Capital Group's Gross advised fund managers to shift money into cash and cash alternatives if they are pursuing "unconstrained" strategies, which allow them to invest in many asset classes and sectors.

Reuters