Strategy Spotlight Giving Cash Its Due Macro developments may have outsized effects on short-term markets.
Short-term bond markets are in the spotlight as the Federal Reserve normalizes interest rates and the implementation of money market reform is set to begin later this year. Recent market volatility further underlines the importance of taking a thoughtful approach to cash allocation. Jerome Schneider, head of PIMCO’s short-term investing and recently named Morningstar 2015 Fixed-Income Fund Manager of the Year (U.S.) along with his team on the PIMCO Short-Term Fund, and Andrew Wittkop, portfolio manager, explain the dynamics of the short-term market and discuss PIMCO’s approach to managing cash and short-term investments. Q: It has been over a month since the Federal Reserve’s first rate hike in nine years. How have cash markets performed and what is the takeaway for cash investors as they look ahead in 2016? To Read the Full Article Log In Or Register