When it comes to stocks, American Century Investments
portfolio manager Richard Weiss likes to buy American, and he's leaning toward
real estate investment trusts, or REITs, CNBC reports.
"It's consumer-driven. The [Case-Shiller] numbers today
notwithstanding, it's a harbinger of better things to come," the five-star
fund manager, with $12 billion in assets under management, said of real estate
to CNBC's Street Signs.
"It's a bet on the recovery over the longer term and a
bet on America.…The consumer represents two-thirds of the economy, and is
"the major tide, the major force. We're going with that one," Weiss
said….
Find out more at http://www.cnbc.com/id/47162434
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