Pimco Says Invest in Bank Paper, U.S. Mortgage Bonds for Income
Source: BFW (Bloomberg First Word)
Tickers
ALV GR (Allianz SE)
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Robert Mead (Pacific Investment Management Co LLC)
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UUID: 7947283
(Bloomberg) -- Investors looking for higher-yielding assets with “sound fundamental underpinnings” could consider global bank capital securities and bonds exposed to U.S. mortgage market, Robert Mead, a managing director at the fund manager in Sydney said in a statement.
Alert: HALISTER1- Investors may also consider high quality global investment grade credit
- All these securities represent “excellent” potential sources of income
- Investors should be wary of getting caught in a “yield chasing mania”
- Given central banks reaching end of interest-rate easing cycles, the factors that drove risky assets “skywards” appear to be losing power
Source: BFW (Bloomberg First Word)
Tickers
ALV GR (Allianz SE)
People
Robert Mead (Pacific Investment Management Co LLC)
To de-activate this alert, click here
UUID: 7947283