dont underweight uncle sam in a debt crisis
The global debt crisis is impossible to cure with more debt, while treatment through default and the printing of more money would be poison for bond and equity holders, says Pimcos Bill Gross.
The global debt crisis is impossible to cure with more debt, while treatment through default and the printing of more money would be poison for bond and equity holders, says Pimcos Bill Gross.
Pimco has been appointed by St James’s Place to manage its rebranded multi-asset fund, replacing a team from Jupiter Asset management which had run the mandate since launch in 2007.
US giant Pimco is beefing up its presence in the UK retail market with the launch of a multi-asset fund for St James’s Place and a planned listing of the same strategy on the Fidelity FundsNetwork.
Pimco has unveiled two unconstrained dividend-seeking strategies that will invest across equities and fixed income securities.
Investors should increasingly be wary of the three “Rs” impacting investment outcomes today and in the near future – recession, repression and risk – according to Marc Seidner, managing director at Pimco.
Pimco has launched a credit-based absolute return fund to be run by Mark Kiesel.
The investment question du jour should be can you solve a debt crisis with more debt?”, says Bill Gross, managing director at PIMCO.
Emerging Market sovereign debt should increasingly be seen as a defensive play because of the countries’ low budget deficits compared to developed nations, according to Pimco.
Pimco has added five new senior hires to its emerging market equity team across its London, New York and Singapore offices.
PIMCO has expanded its Select fund range to include the PIMCO Select Global Multi-Asset fund.
Pimco Source has weighted its newest emerging market ETF so it is biased towards a country’s GDP rather than any market cap indicator.
European fund sales struggle into positive territory as investors withdrew from equity funds.