Word: bergstrom
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DIED. SUNE BERGSTROM, 88, Nobel laureate who in the 1950s helped discover the structure and function of prostaglandins, a family of hormones that play a vital role in a host of bodily functions; in Stockholm. Drugs derived from the chemicals are widely used in birth control, abortion, pain relief and the prevention of blood clots...
...BERGSTROM: Taking a five- or 10-year perspective, the U.S. equity-market returns on average are likely to be subpar. Some but not all emerging markets are likely to be the potential equity-market stars...
...BERGSTROM: We would look for a gradual erosion of the value of the dollar from here...
...BERGSTROM: In a medium-risk strategy, we had 15% inflation-index bonds, 5% high-quality fixed-income bonds, about 15% in high-yield bonds. We had about 30% in developed-market, non-U.S. equities, about 10% in U.S. equities, 12% in emerging-markets equities and about 12% in real estate-related investments...
...BERGSTROM: In emerging markets, U.S. investors should look only to well-managed commingled funds. It is silly to try to do it on an individual-stock-picking basis...