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Real Assets: Bolstering Portfolios as Inflation Lingers
by Greg Sharenow, Steve Rodosky, Lorenzo Pagani of PIMCO, 2/29/24

Adding real assets to a stock and bond portfolio can help boost returns and smooth volatility when inflation runs above 2%.

Navigating Uncertainty in Inflation Markets: The UK Case
by Lorenzo Pagani of PIMCO, 3/22/19

Investors in UK inflation-linked bonds are facing two critical sources of structural uncertainty: Brexit-induced volatility and questions about the deeply entrenched (yet problematic) Retail Price Index (RPI

Navigating Uncertainty in Inflation Markets: The UK Case
by Lorenzo Pagani of PIMCO, 3/19/19

Investors in UK inflation-linked bonds are facing two critical sources of structural uncertainty: volatility arising from the Brexit process, and questions about the deeply entrenched (yet problematic) Retail Price Index (RPI), to which UK “linkers” are tied.

Can ECB Policy Heal Europe’s Ills?
by Mike Amey, Andrew Bosomworth, Lorenzo Pagani of PIMCO, 3/25/15
In this interview, Managing Directors Mike Amey, Andrew Bosomworth and Lorenzo Pagani discuss the conclusions from PIMCO’s quarterly Cyclical Forum in March 2015 and how they influence our European investment strategy. They also delve into the impact of the European Central Bank’s (ECB) balance sheet expansion on growth and inflation and reflect on Europe’s improving economic health.

Testing the Limits of Monetary Policy Without Fiscal Union
by Andrew Balls, Andrew Bosomworth, Lorenzo Pagani of PIMCO, 12/19/14
Over the next 12 months, we expect eurozone growth to accelerate from the current annualised run rate of 0.5% to a still-very-weak pace of approximately 1%, while the ultra-low inflation tells us there is a demand problem. With the ECB set to expand its balance sheet over the cyclical horizon, the biggest risk to growth is if the ECB buys large quantities of government bonds but the governments do nothing. We expect to remain overweight European peripherals and overweight European corporate credit, with the focus on financials.

2014: A Transition Year - Back to Fundamentals
by Lorenzo Pagani of PIMCO, 3/5/14
The past several years have seen multiple regime changes in financial markets in Europe, each dominated by different factors and requiring a distinct approach to fixed income investing. As spreads tighten to pre-2008 levels, it is now time to ask whether a shift in investment style is due. Macroeconomic developments and inflation expectations are likely to be key determining factors in whether 2014 will be a good year for European bond investors.

Auctions Never Fail!
by Lorenzo Pagani of PIMCO, 3/28/12
The increase in volatility can reach a breaking point when dealers are no longer willing to absorb risk and the issuer loses market access, irrespective of whether an auction fails or not. Individual countries are working to regain credibility and address their debt-sustainability but what is needed is an explicit collective commitment towards fiscal union. Catalysts for uncertainty may only be a few weeks away with the elections in Greece, France and a referendum in Ireland looming. Foreign investors who preferred to remain on the sidelines during the rally may reappear as sellers.
7 results found.