- As our latest Asset Allocation Outlook discusses in detail, we expect profit growth will accelerate, and the improvement in fundamentals should bode well for risk markets and cyclical assets in particular.
- We remain overweight equities in our multi-asset portfolios and select areas of the credit markets and have added exposure to more cyclically oriented sectors and regions.
- To be sure, PIMCO expects the economic recovery will be a "long climb" with hiccups along the way, and it could take up to two years to reach pre-COVID-19 levels of global output.
For further details see:
Asset Allocation Views: Early Cycle Investing