Hints and tips:
...Today, the market is more crowded and an era of low interest rates has passed....
...Bond giant Pimco still runs the biggest active ETF in Europe....
...At pixel time, Morningstar says the fund’s effective duration is 1.79 years, so it still exceptionally low compared to most of its peers....
...The other funds to hold positions include Pimco’s Total Return bond fund, its Emerging Markets bond fund, Diversified Income and Low Duration income funds....
...BlackRock and Vanguard, which control a combined $3.8tn of the $7tn global ETF market, are currently only the fifth and 13th-largest managers in the active space, which is led by First Trust, Pimco and JPMorgan...
...The world’s biggest insurers are piling into a previously niche area of fund management as low interest rates upend their business models, in a trend that could fundamentally change the way they make money...
...Another fund manager that hopes to benefit from close association with former politicians is Pimco....
...Pimco , the $1.8tn bond manager, has bases in London and Munich and funds domiciled in Ireland and Luxembourg. It does not expect significant disruption....
...However, he might struggle to raise cash from foreign government-owned funds at a time when the Trump administration has been blocking foreign investments of strategic US assets....
...Pimco, the fund manager, argues in a note that by reducing dividends and gearing, the partnerships have been “healing” and their equity valuations “represent an overly negative outlook on the sector”....
...Too big to ignore but too opaque to entirely trust....
...Pimco’s MINT short maturity bond ETF has seen total assets increase 22 per cent this year to $5bn, while Guggenheim’s short-duration ETF has nudged up from $623m to $913m over the same period....
..., insurance and trusts....
...low rate and parking funds somewhere that pays a higher rate, in a strategy that works unless the low-rate investment rises in price)....
...Pimco recently chopped 6 basis points from the management fee on its Low Duration Exchange Traded Fund, a decision that highlights growing pressures the firm faces to adjust costs to win market share....
...C Both China and India may soon launch their first real estate investment trusts....
...This is the real area where a fast diversifying fund manager such as Pimco has been ramping up. Last year it was the lead investor in a new Irish real estate investment trust, Green Reit....
...Its Y925bn ($9.1bn) of net assets dwarfs the Y343bn in the next-ranked fund – a high-income sovereign fund run by Nikko-Pimco, denominated in Turkish lira....
...This is not startling news for those in the market, and Pimco’s take on the story will be familiar: the global liquidity glut created by western central banks combined with the record low yields on safe-haven...
...(Financial Times) Investors pulled a record $9.9bn from Pimco in June: It was the largest outflow in the 26-year history of Pimco’s flagship Total Return bond fund....
...There is no wealth tax and no foreign income tax....
...The biggest open-ended funds are now mind-bogglingly huge: Pimco’s Total Return fund has assets of some $169bn, while the second-largest fund, the SPDR S&P 500 ETF manages $115bn....
...“It’s a sea change,” argues Francesc Balcells of Pimco, one of the world’s biggest bond fund managers....
...Last month, Bill Gross, the Pimco fund manager, called the Mexican peso “a great currency” after he poured money into local markets....
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