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....
...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...
...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....
...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....
...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....
...(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....
...Bill Gross has made a big U-turn in the investment strategy of his $242bn fund after a high-profile bearish call on the US Treasury market backfired, triggering deep underformance by the world’s largest...
...Muzinich also topped the €1bn barrier, aided by a popular short- duration, high-yield bond fund....
...Which brings us to the next step in the Japanese experience, one which echoes very clearly fears recently expressed by Bill Gross of Pimco....
...A year into the credit crisis, in other words, trust remains a rare commodity in the banking world....
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