Jennifer's Feed
Dec 19, 2014

Pimco expects ECB to buy euro-denominated IG corporate, sovereign debt

NEW YORK (Reuters) – Bond giant Pacific Investment Management Co said on Friday that it expects the European Central Bank to further expand its balance sheet by buying euro-denominated investment-grade corporate and sovereign bonds.

In its 2015 credit outlook report, Mark Kiesel, Pimco’s chief investment officer of global credit, said the ECB should stay very accommodative and “European rates will likely be at zero for the foreseeable future, anchoring European duration and generating strong demand for credit and higher income.

Dec 19, 2014

Pimco sees global growth ramping up in 2015 – and Bernanke agrees

NEW YORK (Reuters) – Pacific Investment Management Co expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, on expectations that supply-driven declines in oil prices were fundamentally positive, the bond giant said on Thursday in its year-end Cyclical Forum outlook report.

Pimco said its view that the outlook for the U.S. economy is incrementally positive is backed by former Federal Reserve Chairman Ben Bernanke, who participated in Pimco’s Cyclical Forum last week at its headquarters in Newport Beach, California.

Dec 18, 2014

Pimco sees global growth ramping up in 2015, boosted by lower oil

NEW YORK (Reuters) – Pacific Investment Management Co expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, on expectations that supply-driven declines in oil prices were fundamentally positive, the bond giant said on Thursday in its year-end Cyclical Forum outlook report.

Pimco said its view that the outlook for the U.S. economy is incrementally positive is backed by former Federal Reserve Chairman Ben Bernanke, who participated in Pimco’s Cyclical Forum last week at its headquarters in Newport Beach, California.

Dec 18, 2014

Pimco’s emerging market bond funds post record 2014 outflow

NEW YORK, Dec 17 (Reuters) – Pimco posted a record total
outflow of $5.8 billion from its emerging market funds in the
first 11 months of 2014, according to Morningstar data released
on Wednesday.

Pimco’s funds have suffered from ill-timed investment bets
in Russia, Ukraine, Brazil and Venezuela along with the ongoing
flight by investors from emerging markets and the management
shakeup following the dramatic departures of co-founder Bill
Gross and Chief Executive Officer Mohamed El-Erian.

Dec 17, 2014

Pimco’s Emerging Market bond funds post record total outflow of $5.8 billion YTD

NEW YORK (Reuters) – Pimco, the biggest emerging market bond portfolio manager in the world, posted a record total outflow of $5.8 billion from its emerging market funds so far this year through the end of November, according to the latest data by Morningstar.

Pimco’s funds have suffered from ill-timed investment bets in Russia, Brazil and Venezuela along with the ongoing flight by investors from emerging markets, exacerbated by the management shakeup following the dramatic departures of co-founder Bill Gross and Chief Executive Officer Mohamed El-Erian.

Dec 10, 2014

Janus’s Gross says no bear market in bonds on slow-moving Fed- webcast

NEW YORK, Dec 10 (Reuters) – Bill Gross, the closely watched
bond investor, on Wednesday said the Federal Reserve will most
likely begin raising U.S. interest rates in the middle of 2015
but fixed-income securities will not be hurt as much as people
anticipate.

“I don’t forecast a bear market in bonds,” Gross said on the
Forbes & RIA Database Advisor Playbook iConference webcast.
Gross, portfolio manager of the Janus Global Unconstrained Bond
Fund, reiterated his views that when the Fed begins
moving the federal-funds rate, it must be cautious and probably
needs to stop between 2 percent and 3 percent.

Dec 10, 2014

Gundlach says benchmark 10-year Treasury yield could fall to 1 percent

NEW YORK (Reuters) – Jeffrey Gundlach, who correctly predicted government debt yields would plunge this year, said in an interview on Tuesday there is a possibility that yields on the benchmark 10-year Treasury note could drop to 1 percent in 2015.

“The 10-year Treasury could join the Europeans and go to 1 percent. Why not? The European rates are at 1 percent. France is below 1 percent right now,” Gundlach said.

Dec 9, 2014

DoubleLine to launch long-duration total return bond fund

NEW YORK, Dec 9 (Reuters) – DoubleLine Capital, which is
overseen by closely watched investor Jeffrey Gundlach, said on
Tuesday that it would launch the DoubleLine Long Duration Total
Return Bond Fund to investors on Monday.

The new fund will invest primarily in agency mortgage-backed
securities with an average effective duration of at least 10
years. Duration is a bond’s sensitivity to interest rate
fluctuations, and going longer on duration is an investment
strategy when rates are expected to remain low or drop further.

Dec 8, 2014

Bill Gross’ Janus Global Unconstrained assets surpass $1 billion

NEW YORK (Reuters) – The Janus Global Unconstrained Bond Fund, which Pimco co-founder Bill Gross started managing in October, attracted an estimated $770 million in November, bringing its assets to more than $1.2 billion, according to Morningstar data released on Monday.

Last month, Soros Fund Management LLC, which famed investor George Soros chairs, invested $500 million with Gross. A Janus spokesman said the November flows from Morningstar do not include the Soros figures.

Dec 8, 2014

Gross’ Janus Global Unconstrained assets surpass $1 bln

NEW YORK, Dec 8 (Reuters) – The Janus Global Unconstrained
Bond Fund, which Pimco co-founder Bill Gross started
managing in October, attracted an estimated $770 million in
November, bringing assets to more than $1.2 billion, according
to Morningstar data released on Monday.

Last month, Soros Fund Management LLC, which famed investor
George Soros chairs, invested $500 million with Gross. The
portfolio manager, who built Pimco into one of the largest
investment firms in the world, resigned from there on Sept. 26
to join smaller rival Janus.