Tags: BNTEAMS | BUSINESS | CAB | COEVNT | CORPFIN | COS | DEBTME

Pimco Favors Debt of Banks, Issuers Resistant to Economic Turns

Monday, 20 Sep 2010 09:58 AM

Sept. 20 (Bloomberg) -- Pacific Investment Management Co. says senior bank bonds, debt from companies that are resistant to economic swings and those that may benefit from growth in emerging markets are “poised to outperform given the outlook for subpar economic growth in the developed world.”

“Investors should reduce exposure to companies with high operating and financial leverage,” Mark Kiesel, global head of corporate bond portfolios at Pimco, wrote in a note on Pimco’s website. “Investments in companies supported by strong assets will also likely outperform because weak economic growth in developed economies could lead to a higher risk of default.”

Pimco, the world’s biggest bond-fund manager, is based in Newport Beach, California.

To contact the reporter on this story: John Detrixhe in New York at jdetrixhe1@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net

© Copyright 2017 Bloomberg News. All rights reserved.

   
1Like our page
2Share
StreetTalk
Sept. 20 (Bloomberg) -- Pacific Investment Management Co. says senior bank bonds, debt from companies that are resistant to economic swings and those that may benefit from growth in emerging markets are “poised to outperform given the outlook for subpar economic growth in...
BNTEAMS,BUSINESS,CAB,COEVNT,CORPFIN,COS,DEBTME,ENT,FIN,FINNEWS,MARKETS,MED,MSCINAMER,MSCIWORLD,NORTHAM,NRG,ONWEB,ORIGINAL,PIP,STFILT241,STFILT266,TEC,US,USCORPFIN,WRIT
139
2010-58-20
Monday, 20 Sep 2010 09:58 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved