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The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, August 28, 2013 Pimco Points Finger at Media For Bond Selloff It looks as if Pimco [profile] is pointing fingers at everybody, but instead of focusing on the Fed this time, Pimco is now blaming the bond exodus on the financial media, CNBC's Matt Clinch writes. Douglas Hodge, COO of Pimco, was quoted by Clinch as writing on the Pimco site, "In the aftermath of the financial crisis, the media--which play a large role in setting the tone of the markets and the psyche of investors--went from being cheerleaders for bonds, stressing their virtues and role in maintaining a diversified portfolio, to romancing the notion that bonds are riskier than stocks." Hodge made sure to add that America's largest pension funds and insurance companies have been buying long-dated bonds, which could help to de-risk portfolios in the long-term, Clinch writes. Clinch reports that Hodge also maintained that yields will rise gradually instead of spiking through 3 percent after the release of U.S. non farm payrolls, as some have suggested. To read more, click here. Printed from: MFWire.com/story.asp?s=45784 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |