Featured Insights
Viewpoints
13/09/2023
Watch our latest views on green bond investing in credit – including corporate, sovereign, covered, and securitized bonds.
Economic and Market Commentary
07/09/2023
PIMCO’s Global Advisory Board discusses economic and geopolitical factors shaping the long-term global outlook.
Viewpoints
01/09/2023
We believe idiosyncratic credit events may occur over the next 12 months, but systemic bank risk is remote.
Economic and Market Commentary
30/08/2023
Despite inflation trending lower, bond yields have risen higher. Mike Cudzil, portfolio manager, explains the reasons behind the surge and why we think fixed income is particularly attractive right now.
Viewpoints
30/08/2023
We have updated our five-year capital market assumptions to reflect changes in markets.
Economic and Market Commentary
23/08/2023
Group CIO Dan Ivascyn shares his views on how asset-based lending – currently among PIMCO’s favorite investment sectors – offers equity-like return potential and other benefits.
Viewpoints
22/08/2023
David Forgash, portfolio manager, leveraged finance, and Mathieu Clavel, portfolio manager, European private credit, talk about what opportunities exist for distressed investors and why PIMCO is a trusted solutions provider.
Viewpoints
17/08/2023
Matt Tuten, portfolio manager, structured credit, and Devin Chen, portfolio manager, private real estate, share insights about why PIMCO is able to identify opportunities that others don’t and why a pivot during the pandemic paid off.
Viewpoints
10/08/2023
Jamie Weinstein, portfolio manager, private credit, and Mohit Mittal, portfolio manager, multi-sector credit, discuss deals that require cross-functional collaboration and how PIMCO’s shared intelligence played a crucial role during the banking crisis in 2023.
Economic & Market Commentary
Economic and Market Commentary
07/09/2023
PIMCO’s Global Advisory Board discusses economic and geopolitical factors shaping the long-term global outlook.
Economic and Market Commentary
30/08/2023
Despite inflation trending lower, bond yields have risen higher. Mike Cudzil, portfolio manager, explains the reasons behind the surge and why we think fixed income is particularly attractive right now.
Economic and Market Commentary
23/08/2023
Group CIO Dan Ivascyn shares his views on how asset-based lending – currently among PIMCO’s favorite investment sectors – offers equity-like return potential and other benefits.
Economic and Market Commentary
24/07/2023
Get a quick overview of current credit markets, why we favor high quality and some parts of the high yield market, and the importance – and power – of a flexible multi-sector approach in today's global markets.
Economic and Market Commentary
06/07/2023
Learn how investors can navigate an evolving investment landscape by taking advantage of attractive opportunities, like today’s high starting bond yields.
Economic and Market Commentary
20/06/2023
Our long-term outlook embraces a flexible, long-term approach to seize opportunities in debt and equity investments across the real estate landscape.
Economic and Market Commentary
14/06/2023
In an excerpt from our recent Secular webcast, Group CIO Dan Ivascyn explains that as riskier sectors slowly adjust to tighter credit conditions, high-quality bonds can offer starting yields that are comparable to longer-term equity returns with potentially less volatility.
Economic and Market Commentary
09/06/2023
Markets will likely face more volatility as the global economy exits a period of massive fiscal and monetary support. Listen to our outlook for the global economy and markets over the next five years.
Section 1: Key Takeaways
Section 2: Secular Theme
Section 3: Investment Implications
Economic and Market Commentary
06/06/2023
Markets will likely face more volatility as the global economy exits a period of massive fiscal and monetary support. In this post-policy era, attractive yields on high quality bonds encourage a more resilient approach to investing.
Viewpoints
Viewpoints
13/09/2023
Watch our latest views on green bond investing in credit – including corporate, sovereign, covered, and securitized bonds.
Viewpoints
01/09/2023
We believe idiosyncratic credit events may occur over the next 12 months, but systemic bank risk is remote.
Viewpoints
30/08/2023
We have updated our five-year capital market assumptions to reflect changes in markets.
Viewpoints
22/08/2023
David Forgash, portfolio manager, leveraged finance, and Mathieu Clavel, portfolio manager, European private credit, talk about what opportunities exist for distressed investors and why PIMCO is a trusted solutions provider.
Viewpoints
17/08/2023
Matt Tuten, portfolio manager, structured credit, and Devin Chen, portfolio manager, private real estate, share insights about why PIMCO is able to identify opportunities that others don’t and why a pivot during the pandemic paid off.
Viewpoints
10/08/2023
Jamie Weinstein, portfolio manager, private credit, and Mohit Mittal, portfolio manager, multi-sector credit, discuss deals that require cross-functional collaboration and how PIMCO’s shared intelligence played a crucial role during the banking crisis in 2023.
Viewpoints
10/08/2023
We believe the two resource-rich economies – once labeled fragile – will be global growth leaders over the next several years, driven by prudent policies and stable macro fundamentals.
Viewpoints
03/08/2023
Mike Cudzil, portfolio manager, fixed income, and Jason Steiner, portfolio manager, alternative credit, discuss the current real estate landscape, what opportunities exist in real estate, and why PIMCO is well-positioned to respond quickly to these opportunities.
Viewpoints
18/07/2023
Watch our real estate expert discuss where investors may find compelling opportunities – amid the downturn – to pursue attractive returns from debt and equity investments across public and private markets.
Blog
Blog
21/09/2023
The Federal Reserve forecasts only a modest uptick in U.S. unemployment next year as inflation cools, but history and current labor market trends make us less certain.
Blog
14/09/2023
The European Central Bank is likely at or very near its peak policy rate, but we don’t expect rate cuts in the near term.
Blog
28/08/2023
The Fed chair’s high-profile speech emphasized the central bank’s focus on taming inflation.
Blog
23/08/2023
PIMCO’s Sustainable Investing Report provides our latest thinking on sustainability. Here, we highlight the report's key takeaways on engagement, human capital, and carbon analytics.
Blog
10/08/2023
Commodities stand to benefit from underinvestment and the clean energy transition.
Blog
03/08/2023
The sovereign credit rating cut is unlikely to significantly change views toward U.S. Treasuries, but questions about debt sustainability may grow louder over time.
Blog
28/07/2023
The Bank of Japan announced changes that could allow its yield curve control program to expire gradually, if economic conditions are favorable.
Blog
27/07/2023
After the European Central Bank hikes rates, focus shifts from how high to how long.
Blog
26/07/2023
Amid an outlook for slower growth and more moderate inflation, the Fed shifts to data dependence.
Understanding Investing
Understanding Investing
01/08/2022
Even after gold ceased to be the “standard” in the global monetary system last century, it maintains its glitter as a viable investment, especially during periods of rising inflation.
Understanding Investing
26/04/2021
Alternative investments offer opportunities to diversify portfolios in times of market uncertainty. But among a range of options, investors must first understand the risks and benefits.
Understanding Investing
08/01/2020
As part of PIMCO’s ESG process, we believe that identifying and successfully engaging with companies that are willing to improve their ESG standing is critical for investors.
Understanding Investing
High yield bonds – defined as corporate bonds rated below BBB− or Baa3 by established credit rating agencies – can play an important role in many portfolios. They typically offer higher coupons than government bonds or high grade corporate bonds (or, corporates) and have the potential for price appreciation in the event of an improvement in the economy, or performance of the issuing company (of course, if these conditions worsen, then prices can also go down). Because the high yield sector generally has a low correlation to other sectors of the fixed income market along with less sensitivity to interest rate risk, an allocation to high yield bonds may provide portfolio diversification benefits. In addition, high yield bond investments have historically offered similar returns to equity markets, but with lower volatility.
Understanding Investing
Learn about “tail risk” and how portfolios can be managed to minimize losses without curtailing growth.
Understanding Investing
Inflation-linked bonds, or ILBs, are securities designed to help protect investors from inflation. Primarily issued by sovereign governments, such as the U.S. and the UK, ILBs are indexed to inflation so that the principal and interest payments rise and fall with the rate of inflation. Inflation can significantly erode investors’ purchasing power, and ILBs can potentially provide protection from inflation’s effects. ILBs may also offer additional benefits in a broader portfolio context.
Understanding Investing
A glossary of terms to help guide investors through the key terms used in the private alternatives space.
Understanding Investing
Commodities are a distinct asset class with returns that are largely independent of stock and bond returns. Therefore, adding broad commodity exposure can help diversify a portfolio of stocks and bonds, potentially lowering the risk of an overall portfolio and boosting returns. Given their impact on consumer goods prices, commodities can also offer a hedge against inflation.
Understanding Investing
Most bond investors know that interest rate changes can affect the value of their fixed income holdings. How a bond or bond portfolio’s value is likely to be impacted by rising or falling rates is best measured by duration.
How can PIMCO help you?
For more information and answers to your questions, please contact us.