因为在通货膨胀期间，美元是贬值的，我主张持有金锭而不持黄金交易所交易基金，但我相信在未来几年内黄金以及黄金矿业类股将提供巨大的回报率。
Because in inflation the dollar is devalued, I am a proponent of owning bullion and avoiding gold ETFs, but I do believe gold and gold-miner stocks will provide great returns over the next few years.
在股市上扬过程中明显缺席的是散户。他们仍在把资金大规模地投入债券类共同基金，同时普遍撤离美股类基金。
Notably absent from the stock-market rally were individual investors, who continued to pour money into bond mutual funds while largely shunning U.S. stock funds.
里斯特本说，基金经理们预计英国与欧洲大陆经济将放缓增长，这也影响了他们对海外发达市场类股的预期。
Expectations of slower growth in places like the U.K. and continental Europe also colored managers' views of foreign developed-market stocks, Mr. Ristuben says.
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