HALISTER1: Pimco Says Invest in Bank Paper, U.S. Mortgage Bonds for Income

Pimco Says Invest in Bank Paper, U.S. Mortgage Bonds for Income

(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.
  • 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
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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ALV GR (Allianz SE)

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Robert Mead (Pacific Investment Management Co LLC)

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