Client Solutions and Analytics
Mr. Tsai is a senior vice president and quantitative research analyst in the client solutions and analytics group in the Newport Beach office. Prior to joining PIMCO in 2018, he was an associate professor in financial economics at the University of Oxford. He holds a Ph.D in finance from the Wharton School at the University of Pennsylvania and an undergraduate degree in economics and mathematics from Rice University.
Looking Beyond Low Yields to Understand Bond Performance
Yields matter, but they are not the only indicator of a bond’s performance potential. In fact, as our case study shows, bond returns can be higher than their initial low or negative yields thanks to roll down – an investment strategy that skilled active managers can use to boost return potential.