Munis in Focus

Avoiding Puerto Rico: How Credit Research put us Ahead of the Crisis

David Hammer, Head of Municipal Bond Portfolio Management, explains the “red flags” that prompted PIMCO to sell out of Puerto Rico ahead of the crisis, and the factors needed to make the commonwealth an attractive investment in the future. For more information, visit www.pimco.com/munis

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Asian Credit: Value or Trap?

Raja Mukherji, PIMCO portfolio manager and head of Asian credit research, surveys fundamentals, technicals and valuations in the Asian credit markets and concludes that current conditions argue for more defensive positioning.

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