PCN News and Press, Pimco Corporate & Income Strategy Fund From 04/09/21

Global PMI signals fastest rise in firms' input costs since 2008. Charges for goods and services both rise at steepest rates in PMI survey history. US sees sharpest price hikes, led by rising prices for consumer goods. For further details see: Global Price Gauge Hits New...

Global PMI highest since August 2014. Manufacturing reports robust expansion despite supply delays, services boosted by easing of COVID-19 restrictions. Consumer services show signs of steadying after steep downturn. US leads upturn, Brazil lags. For further details see:...

The latest PIMCO fund to launch from the top fixed-income sponsor. As it seems with about all of their funds, it is another multi-sector bond fund. This flexibility allows them to invest where they want and however they want to. The only seeming twist here is that it is a term...

Dollar cost averaging (DCA) makes it possible to build an equity position or a portfolio incrementally as you have money available. This strategy also minimizes the risk from a sell-off by spreading purchases over time. Conversely, lump sum investing immediately exposes the entire...

Annuities are another option for a place to put your hard-earned money and can be almost guaranteed for fixed annuities. They offer monthly cash flow in the distribution phase of their life and this can be immediate or deferred. Closed-end funds are also an excellent way to produc...

Global growth looks set to rebound even more strongly in 2021 than we had anticipated in our January Cyclical Outlook. Over the next several months, a combination of base effects, recent increases in energy prices, and price adjustments in sectors where activity ramps up is likely to ...

Upgrades to consensus EPS forecasts have continued apace, further cementing expectations for a V-shaped global growth recovery this year and next. FTSE World estimates for this year have been raised significantly over the past three months (from 15% to 28%), bolstered by upgrades for ...

According to a well-known English finance professor, Elroy Dimson, “risk means more things can happen than will happen.”. Uncertainty does not allow us to predict in advance the probabilities of an event, nor the potential results associated with it. In financial mar...

Global manufacturing PMI buoyed by further strong gains in production. Robust growth seen in the US, Eurozone, India and Brazil despite supply chain delays close to record high. Expansion limited by further slowdown in China, in turn linked to shipping and logistics problems. ...

PCN continues to deliver strong returns, coupled with an improving macro picture and the persistence of a high premium to NAV. Credit risk is not my primary concern for the high-yield sector, considering all the new cash that was raised under very low interest rates. However, duration...