PIMCO's Investment
Process

in-page

Tested by Markets and Time

Our clients rely on an investment process built on our decades of experience navigating complex debt markets. Over the years, our process has helped millions of investors manage risks and pursue returns through every market environment.

Active Management in Action

Powered by five key drivers, PIMCO’s investment process is designed to give portfolio managers a 360 degree view of risks and opportunities, enabling them to draw on the best ideas from our team around the world.

Macro Themes

Our annual Secular Forum helps us cultivate longer-term investment themes while our three Cyclical Forums refine those views against more timely market and economic conditions.

PIMCO’s Investment Committee distills our macro views into specific risk targets that serve as parameters for every PIMCO strategy.

Firm Leadership Behind The Scenes
Macro Themes

Asset-Level Research

PIMCO’s global team of credit analysts and asset specialists conduct independent, in-depth analysis to uncover relative value across public and private markets globally.

Asset-Level Research

Behavioral Science

Our investment process employs behavioral science practices to maximize the exchange of ideas, challenge biases, and continuously evaluate our practices and thinking.

Explore More
Behavioral Science

Risk Management

Our robust risk management framework is central to our process, using targeted tools to surface, manage and diversify portfolio and firm-wide risks.

Risk Management

Quantitative Rigor

PIMCO’s quantitative investment professionals are integrated into all aspects of portfolio management, leveraging technology and proprietary analytics to uncover data-driven insights.

Quantitative Rigor

Portfolio Management

Our portfolio managers draw on all of these inputs to construct portfolios that emphasize multiple sources of value, targeting exposures with the best risk-adjusted return potential while positioning for various scenarios.

Portfolio Management

Expanding Our Perspective

Global Advisory Board

Chaired by Dr. Ben Bernanke, this team of world-renowned experts meets several times a year and contributes to our economic forums while providing our Investment Committee with ongoing insights into their spheres of expertise.

Meet The Board
Global Advisory Board

Disclosures

Past performance is not a guarantee or a reliable indicator of future results.

All investments contain risk and may lose value. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Management risk is the risk that the investment techniques and risk analyses applied by PIMCO will not produce the desired results, and that certain policies or developments may affect the investment techniques available to PIMCO in connection with managing the strategy. Diversification does not ensure against loss.

There is no guarantee that these investment strategies will work under all market conditions or are appropriate for all investors and each investor should evaluate their ability to invest for the long term, especially during periods of downturn in the market.

PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world.

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