Scott Mather, CIO U.S. Core Strategies, discusses performance differences amid core bond funds, and how a focus on quality, liquidity and diversification has helped PIMCO Total Return provide portfolio ballast in this crisis.
Scott Mather: The Global health crisis has resulted in widespread containment measures worldwide, that, in turn, have led to a dramatic decline in economic activity.
Most markets reacted to the uncertainty by swiftly repricing - with those areas at higher risk of permanent capital impairment suffering the greatest.
But the pace of the repricing was really one of the fastest we have