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Group CIO Dan Ivascyn discusses the factors that typically cause volatility to increase at year-end, but says we likely won’t see a repeat of the level of volatility that roiled financial markets at the end of last year.
For an extended discussion of our views on investing in the current environment, please watch the latest “View From the Investment Committee” video with Group CIO Dan Ivascyn.
Group Chief Investment Officer
Active management appears especially important during this fast-moving cycle when dislocations are likely and capturing resulting opportunities can be key to producing alpha.
At the January 2022 meeting, the U.S. Federal Reserve signaled an accelerated timetable to normalize policy, but it will be a long process amid an uncertain environment.
Latin American economies face complex structural challenges, yet we also see select opportunities for investors created by global secular trends – country selection is expected to be critical.
Improvement in ratings quality in recent years may buttress the high yield bond market’s performance in 2022, even as returns across asset classes could become more subdued.
The strong inflation report combined with employment data will likely prompt the U.S. Federal Reserve to begin hiking its policy rate in March.
U.S. yields surged to begin 2022 as financial markets gird for central banks to begin tightening monetary policy.
Liquidity tiering may provide an attractive alternative as SEC proposals curtail capabilities of money market funds
This Research paper is a joint effort between PIMCO and GIC, Singapore’s sovereign wealth fund. GIC authors Grace Qiu Tiantian Ph.D., Ding Li, and Zhihui Yap collaborated with PIMCO’s Josh Davis, German Ramirez, and Helen Guo to produce this report.
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