Managers should begin focusing on “carry,” which consists of maturity extension, credit spreads, yield curve differences, volatility, and currency components, as a way to protect downside risks.
PIMCO is also expected to expand its actively managed bond ETF offerings as a way to help investors and advisors adapt to the changing environment. New active ETFs on the launch pad include PIMCO Diversified Income Exchange-Traded Fund (DI), PIMCO Real Return Exchange-Traded Fund (no ticker provided) and PIMCO Low Duration Exchange-Traded Fund (LDUR). [PIMCO Readies Three More Bond ETFs]
The three new offerings would help PIMCO market three mutual fund strategies in an ETF wrapper, including PIMCO Diversified Income Fund (PDIIX), PIMCO Real Return Fund (PRRIX) and PIMCO Low-Duration Fund (PTLDX).
Financial advisors interested in attending the annual virtual summit on January 15 can take a look at the ETF Virtual Summit site for a more detailed agenda and updated information.