Merrill Lynch CIO Bill O'Neill advises the Thundering Herd to steer clients away from government...

|By:, SA News Editor

Merrill Lynch CIO Bill O'Neill advises the Thundering Herd to steer clients away from government paper, saying there is more value to be had in corporate debt and equities. He prefers emerging economies to developed, but the says the best way to play it is through developed market firms with high exposure to the emerging bloc.