Industry news and views from Panacea and our partners.
PIMCO
PIMCO: Prime Time for Bonds
The global economic outlook along with market valuations and asset class fundamentals all lead us to favor fixed income. Relative to equities, we believe bonds have rarely been as attractive as they appear today. After a turbulent couple of years of high inflation and rising rates that challenged portfolios, investors may see a return to more conventional behavior in both stock and bond markets in 2024 – even as growth is hindered in many regions.
PIMCO: Understanding the Rise in Bond Yields
Implications and Opportunities for Investors. The spike in bond yields presents an opportunity for fixed income investors to earn capital gains and diversify portfolios.
PIMCO: Credit Outlook: High Quality Bonds Offer Equity-Like Return Potential
Hear from PIMCO experts about how investors may benefit from capturing today’s compelling yields among high-quality bonds, including investment grade credit.
PIMCO: Major Central Banks Maintain Hard?Line Stance on Inflation
“Restrictive for longer” is now the mantra as monetary policymakers seek to bring inflation reliably to target.
PIMCO: From Cash to Cash Flow in Short-Term Bonds
Discover how active management in short-term bonds may help investors earn premium returns over cash for a modest increase in risk, while maintaining diversification and resilience in the face of economic downturns.
PIMCO: ECB Prioritizes Fighting Inflation Above Avoiding Recession
In hiking its deposit rate by a quarter point in September, the European Central Bank (ECB) signalled its commitment to achieving price stability. While this rate increase might not be the last, focus now shifts towards how long rates will stay at that peak. We remain skeptical that the ECB will deliver rate cuts as early as the market expects.
PIMCO: Fed Seems Confident in Soft Landing, But We See Risks
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.
PIMCO: Key Takeaways From PIMCO's Sustainable Investing Report
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.
PIMCO: Shifting Macro Trends in the Aftershock Economy
PIMCO’s Global Advisory Board discusses economic and geopolitical factors shaping the long-term global outlook.
PIMCO: Local Government Financing Vehicles: A Growing Risk for China’s Economy?
We believe idiosyncratic credit events may occur over the next 12 months, but systemic bank risk is remote.
PIMCO: Key Takeaways From PIMCO's Sustainable Investing Report
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.
PIMCO: Secular Stars: Why India and Indonesia Are Set to Shine as Global Economic Leaders
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.
PIMCO: Why Now May Be a Good Time to Invest in Commodities
PIMCO has a positive outlook for commodities based on supply constraints, the transition to a net-zero economy, and their historical correlation with inflation.
PIMCO: Investing in the Aftershock Economy
Learn how investors can navigate an evolving investment landscape by taking advantage of attractive opportunities, like today’s high starting bond yields.
PIMCO: Fiscal Arithmetic and the Global Inflation Outlook
Debt-financed fiscal policy is driving much of today’s high inflation, but as pandemic-era measures fade, central banks will likely return to their key role in managing price levels.
PIMCO: The Aftershock Economy
At PIMCO’s latest Secular Forum, we discussed how recent short-term cyclical dynamics are likely to have longer-lasting secular consequences.
PIMCO: Real Estate Reckoning
Since 2020, a confluence of factors – a dramatic shift in how buildings are used, the fastest surge in interest rates in more than 40 years, bank failures in the U.S. and Europe, and now a looming recession – could prompt price declines not seen since the global financial crisis 15 years ago.
Pimco: Sustainable Investing: Insight Through Engagement
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.
PIMCO: Global Bonds Q&A: An Anchor in Uncertain Times
With a potential economic downturn ahead, we see an increasingly strong case for high-quality global bonds, which can offer potentially both attractive yields and renewed diversification attributes.
PIMCO: Targeting Relative Value Opportunities
Learn where we’re finding interesting opportunities across and within asset classes, with Erin Browne, asset allocation portfolio manager, and Justin Blesy, asset allocation strategist.
PIMCO: Three Themes Investors Need to Know
Watch PIMCO experts discuss the three macro themes investors should watch for throughout the rest of 2023.
PIMCO: Get More From Your Core
Is now the time for core fixed income? In challenging markets we think so. Global bonds now look very attractive and can provide diversification in a broader multi-asset portfolio.
PIMCO: Sustainable Investing: Insight Through Engagement
Engagement is an essential tool for sustainable investing, as it can enhance investment insight and help influence positive change.
PIMCO: Whether Pause or Pivot, Look to Bonds
An allocation to fixed income may help investors navigate a potential recession as well as uncertainty around the Federal Reserve’s policy trajectory.