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From Cash to Bonds: A Strategic Shift in Post-Pandemic Investing
by Richard Clarida, Mohit Mittal of PIMCO, 12/19/24

As cash yields dwindle, the case for fixed income becomes increasingly compelling.

Navigating Public and Private Credit Markets: Liquidity, Risk, and Return Potential
by Mohit Mittal of PIMCO, 7/12/24

Comparing public fixed income and private credit markets involves weighing factors related to liquidity, transparency, credit quality, risk premium, and opportunity costs.

Credit Where Credit Is Due: Four Common Misconceptions in Public and Private Credit Markets
by Mark Kiesel, Mohit Mittal, Christian Stracke of PIMCO, 5/11/22

Heightened market volatility has led to misconceptions about credit, in our view. We dispel four of them here.

Getting More From Your LDI Portfolio
by Michael Cudzil, Mohit Mittal, Rene Martel of PIMCO, 9/8/17

Our approach to investing in long duration and long credit portfolios has delivered meaningful alpha over most market cycles.

Targets and Tactics: Overcoming Lower Return Expectations
by Michael Cudzil, Rene Martel, Mohit Mittal of PIMCO, 8/3/16
As consensus grows on the prospect of lower asset class returns, investors are taking a fresh look at the potential consequences and solutions.

Time to Look at Long Credit?
by Mohit Mittal of PIMCO, 11/24/14
?Tactical decisions regarding the scaling of an LDI allocation cannot be based solely on Treasury market dynamics. Given recent underperformance of long credit relative to intermediate credit, LDI investors should consider increasing long credit exposure. A structured approach that combines rigorous top-down macroeconomic-analysis to take views on duration and credit sectors with equally thorough bottom-up credit research to identify companies where fundamentals are improving may deliver alpha that can help clients reduce their funding mismatch over time.

Unconstrained Bond Investing in The New Neutral
by Mohit Mittal, Saumil Parikh of PIMCO, 6/16/14
At our recently concluded Secular Forum, PIMCO investment professionals from around the globe gathered in Newport Beach to discuss and debate the secular outlook for major world economies. With insight from guest speakers and new MBA/PhD hires, PIMCO coined the phrase The New Neutral to define its secular three- to five-year outlook for the world economies. In his most recent Investment Outlook, Bill Gross further elaborated on The New Neutral.

U.S. Growth Offers a Tailwind for the Region
by Mohit Mittal, Ed Devlin, Lupin Rahman of PIMCO, 4/1/14
PIMCO expects growth in the U.S. to improve due to a reduction in fiscal drag, although the Federal Reserve?s tapering and slowing growth in China are risks. While higher U.S. growth should offer a boost to exporters, Canada will likely face headwinds from a housing correction and drop in consumption. Latin America has fared relatively well amid the recent volatility in emerging markets, but differentiation across credits and markets continues to increase.

PIMCO Cyclical Outlook for the Americas: Riding the Cross-Currents of Higher U.S. Growth and the Fed
by Mohit Mittal, Lupin Rahman, Ed Devlin of PIMCO, 12/20/13
In the U.S., lower fiscal drag and the possibility of higher consumer and corporate spending should drive growth higher in 2014. Supported by higher U.S. growth and stabilization in Europe and China, Latin America is set to grow 3%-4% on average, but with a large dispersion across countries. Canada should benefit from the U.S. recovery but will likely lag U.S. growth due to lower consumption and residential investment.

PIMCO Cyclical Outlook for the Americas: A Slow-Moving Fed Benefits Economies on Both Continents
by Mohit Mittal, Lupin Rahman, Ed Devlin of PIMCO, 10/3/13
PIMCO expects the U.S. economy to grow 2.0%2.5% over the next year. However, a continued government shutdown would be a drag on growth. In Latin America, we see growth picking up to 3.0%3.5%, but the outlook varies by country. Mexico should fare well, but Brazils story is more mixed. In Canada, we believe the housing correction will be less severe than many are predicting, and we expect GDP to grow 1.5%2.0% over the cyclical horizon.

Hyperactive Monetary Policy: The Good, the Bad and the Ugly
by Lupin Rahman, Mohit Mittal, Josh Thimons of PIMCO, 4/17/13
Hyperactive monetary policy (HMP) is in full force as fiscal policy retreats. The benefits of HMP outweigh the costs for now. Despite cyclical growth, we will likely not achieve escape velocity and eventually the costs will likely overtake the benefits.
11 results found.