Refine Search

Search Results

14 results found.

Focusing on Sustainability and Providing Attractive Income
by Joshua Anderson, Jelle Brons, Gordon Harding of PIMCO, 10/26/21

Combining PIMCO’s innovative ESG (environmental, social, governance) investing approach with its expertise in income investing, this flexible strategy targets a multi-sector, global opportunity set.

Income Fund Update: Focused on Finding Opportunities in Today’s Markets
by Daniel Ivascyn, Alfred Murata, Joshua Anderson of PIMCO, 8/4/20

Looking across the global opportunity set, we see potential for attractive yield, though uncertainties surrounding the global recovery suggest this is a time to be cautious.

Addressing the Non‑Performing Loan Problem in Europe
by Joshua Anderson, Stacey Shi of PIMCO, 11/10/17

Creative solutions may be needed to address remaining asset quality issues in Europe’s banks.

The Sources, Benefits and Risks of Leverage
by Joshua Anderson, Ji Li of PIMCO, 5/22/17

When evaluating investment strategies it’s critical to understand the nature of the leverage being used.

Losses on Italian Non-Performing Loans: Severity and Solutions
by Joshua Anderson of PIMCO, 7/21/16
Losses look manageable over time, but a prompt solution now seems likely.

European Bank Regulation: Expect a Shift
by Joshua Anderson of PIMCO, 4/11/16
Regulatory uncertainty will create opportunities for private capital as banks retrench from some lending markets.

European Deleveraging Continues: Alternatives Investment Themes for 2016
by Joshua Anderson of PIMCO, 10/20/15
With European bank deleveraging expected to continue for the foreseeable future, there are several developing opportunities to look to take advantage of.

Earning an Illiquidity Premium in Private Credit
by Joshua Anderson, Tom Collier of PIMCO, 7/7/15
With low yields and tight spreads prevalent in traditional liquid fixed income markets, many institutional investors are considering whether higher returns are available by assuming credit risk in private or illiquid form. We believe this type of alternative credit strategy may enhance portfolio returns, but investors should be extremely judicious when giving up liquidity, particularly today.

Key Themes for Navigating Credit Markets in Alternatives Strategies
by Joshua Anderson of PIMCO, 4/17/15
Against a backdrop of low volatility and tight spreads, 2014 turned out to be a challenging year for many alternative investors as they watched their trades become crowded, and reverse quickly when expected returns were not realized. One such example was the positioning among investors in advance of the European Central Bank’s (ECB) Asset Quality Review announcement; many had increased their exposure in anticipation of a tightening of European bank-related securities.

Key Themes for Navigating Credit Markets in Alternatives Strategies
by Joshua Anderson of PIMCO, 4/10/15
??We believe the current investment environment provides extensive opportunities for alternative investors.

Late, Not Lost: The Economic Drag From the Millennial Generation
by Joshua Anderson, Emmanuel Sharef, Jason Mandinach of PIMCO, 9/2/14
We believe concerns of a student debt "bubble" and perpetual financial weakness among Millennials are largely overstated. Understanding Millennials' financial trajectory is critical to our secular (3-5 year) outlook for home prices and the broader economy. We expect Millennials' financial position to improve, and pent-up demand could result in longer-term strength in housing and housing-related assets.

U.S. Housing: Investors Reach for Higher-Hanging Fruit
by Joshua Anderson, Emmanuel Sharef, Grover Burthey of PIMCO, 2/26/14
PIMCO expects house prices to transition to steady secular growth, with nominal price increases of 5%?10% cumulatively over two years. An environment of reduced volatility and steady gradual growth may result in tightening risk premia and spreads as the market begins to price in this new dynamic. Over the coming years, we will focus on whether the underbuilding of single-family homes is ultimately resolved through housing starts, rental growth or continued price appreciation.

Hold Your Houses: The Housing Recovery May Take Longer Than You Think To Reach Consumers
by Joshua Anderson, Emmanuel S. Sharef, Grover Burthey of PIMCO, 5/16/13
New residential construction needs to double from 2012 levels to meet long-run stable demand, and the pace of that increase is critical. Consumer credit growth is hindered by strict lending standards, continued deleveraging and limits to mortgage equity withdrawal. As a result, the balance of mortgage debt is unlikely to meaningfully increase in the next 12-18 months, delaying a return of the virtuous consumer cycle.

Tide Turns for Structured Credit
by Joshua Anderson and Carrie Peterson of PIMCO, 1/30/12
Many investors remain skeptical, but the market environment for structured products has changed markedly since the financial crisis of 2008. Current pricing now reflects a more realistic view of the underlying fundamentals, including weakness in the global economy and U.S. housing market. We believe now is the time to consider entering the structured credit market.
14 results found.