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PIMCO’s Views on Negative Rates, Valuations and Volatility

Group CIO Dan Ivascyn and Product Manager David Fisher discuss the recent market shift, the implications of central bank policies and where PIMCO is currently finding value across global asset classes.
Recorded May 9 2016 14 mins
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Presented by
Daniel Ivascyn, Group CIO, PIMCO
Presentation preview: PIMCO’s Views on Negative Rates, Valuations and Volatility

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  • Channel
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  • Asset Allocation: Late-Cycle Investing Recorded: Sep 13 2018 32 mins
    Daniel Phillipson, Head of Product Management, EMEA
    Markets entered 2018 with double-digit equity returns, strong momentum and expectations that the synchronized global growth and corporate earnings recovery we saw in 2017 will continue into 2018.

    However, markets have been more uncertain year-to-date with recent volatility suggesting that change is in the wind for investors. Central banks globally are moving away from emergency levels of easing, and large fiscal stimulus in the U.S. in the late stages of the business cycle could have unintended consequences. And, of course, valuations matter.

    So how do you approach the asset allocation conundrum when investing late in the cycle? Join us on the 13th to find out.
  • PIMCO Secular Outlook: Rude Awakenings Recorded: Jun 22 2018 51 mins
    Dan Ivascyn, Andrew Balls, Joachim Fels, Anna Dragesic
    Ten years after the financial crisis, the global economy and financial markets look set to enter a new era of potentially radical change. Join Dan Ivascyn, Joachim Fels, Andrew Balls, and Anna Dragesic as we present the findings from our 2018 Secular Outlook and discuss what’s ahead for the global economy and markets.
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    PIMCO
    Introducing Market Intelligence, a CPD-accredited education series that aims to help you expand your knowledge of fixed income and the global markets, while focusing on how to address common client concerns and questions. Visit pimco.co.uk/marketintelligence
  • The Three E’s of ESG: Exclusion, Evaluation and Engagement Recorded: May 16 2018 4 mins
    Olivia Albrecht, Mike Amey, Scott Mather
    PIMCO’s head of ESG strategies discusses the three pillars of the firm’s ESG investment process – exclusion, evaluation and engagement – and how they may be able to lead to better investment outcomes.
  • The Future of Sustainable Investing Recorded: May 16 2018 4 mins
    Olivia Albrecht, Mike Amey, Scott Mather
    PIMCO’s CIO of U.S. Core Strategies and head of ESG Strategies discuss the firm’s evolution in ESG investing and how ESG may affect the debt capital markets going forward.
  • PIMCO’s Commitment to Sustainable Investing Recorded: May 14 2018 4 mins
    Olivia Albrecht, Mike Amey, Scott Mather
    PIMCO’s CIO of U.S. core strategies and head of ESG strategies discuss the firm’s evolution in ESG investing and how ESG may affect the debt capital markets going forward.
  • A Framework for Sustainable Investing Recorded: May 14 2018 4 mins
    Olivia Albrecht, Mike Amey, Scott Mather
    PIMCO’s CIO of U.S. core strategies discusses the importance of the UN’s Sustainable Development goals as a framework for humanely and sustainably broadening and accelerating economic growth.
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    Scott Mather, CIO U.S. Core Strategies and PIMCO Total Return Fund portfolio manager, and Anmol Sinha, product strategist, provide insights into why rising rates do not necessarily need to be feared and where we see attractive opportunities in the core bond market.
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    Joachim Fels, Global Economic Advisor, Scott Mather, CIO U.S. Core Strategies, and Olivia Albrecht, ESG and Fixed Income Strategist, Global, discuss our economic outlook across regions and markets, and why we believe that solid growth this year is a near certainty, but the causes of the stronger expansion are more uncertain and could affect its durability.
  • A Solid Return for Uncertain Markets Recorded: Jan 29 2018 5 mins
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    With key risks on the horizon, portfolio defense may be more important than ever. The portfolio managers behind PIMCO Total Return offer an inside look at the process that has fueled the core bond strategy for decades - and how they are managing the strategy to prepare for what’s ahead.
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    As expected the Fed hiked rates in its June meeting, but the unexpected news is the detailed plan it released to shrink and normalize its balance sheet.
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    Dan Ivascyn, Group CIO, PIMCO
    Group CIO Dan Ivascyn discusses how PIMCO is positioning portfolios in light of our long-term macroeconomic outlook.
  • Strategies for downside protection of your investment portfolio Recorded: Jun 12 2017 36 mins
    Tina Adatia, Haran Karunakaran
    Please join us for a discussion on different approaches to add downside portfolio protection in the current investing environment of lower yields, low volatility and generally neutral or rich valuations. As many investors perceive traditional fixed income solutions to be less attractive in providing downside protection and the cost of outright hedging options seems high, many discussions revolve around other portfolio diversifiers and options to improve resilience of portfolios in the downside scenario. The session will focus on best ways to protect client portfolios and pros and cons of various approaches.
  • Bonds are Different: Resolving the Active versus Passive Debate Recorded: Apr 28 2017 28 mins
    Tina Adatia & Olga Serhiyevich
    Opinions in the active-passive investment debate have drifted poles apart over recent years. We revisit this discussion by contrasting equity and bonds. We look at performance numbers and find that, unlike their stock counterparts, active bond mutual funds have largely outperformed their median passive peers over our sample period. We offer conjectures as to why bonds and stocks differ. Differences may be due to:

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    •Benchmark rebalancing frequency and turnover
    •Structural tilts in fixed income space
    •The wide range of financial derivatives available to active bond managers
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    Joachim Fels, Global Economic Advisor, PIMCO
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    Emerging market investors initially reacted to the surprise result of the U.S. presidential election with a sharp pullback – just as the sector seemed to be staging a comeback. Despite continuing policy uncertainties, PIMCO’s outlook for the asset class is far more nuanced.
PIMCO
PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,200 professionals united by a single purpose: creating opportunities for investors in every environment.

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  • Title: PIMCO’s Views on Negative Rates, Valuations and Volatility
  • Live at: May 9 2016 10:35 am
  • Presented by: Daniel Ivascyn, Group CIO, PIMCO
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