Nine Fixed-Income Tips From PIMCO's Marc P. Seidner, CFANine Fixed-Income Tips From PIMCO's Marc P. Seidner, CFA
How can investors cope with the extraordinary, post-Great Recession policies of central banks? Here are some direct and logical prescriptions.
October 28, 2016
By Jason Voss, CFA
Marc P. Seidner, CFA, the chief investment officer of nontraditional strategies at PIMCO, has a strong track record of making solid fixed-income calls in an uncertain investing environment.
Ahead of the 2013 "taper tantrum," he successfully made a counter-intuitive call that bond yields would fall. In fact, at the CFA Institute 2013 Fixed-Income Management conference, he explained why US Federal Reserve tightening in the near future was unlikely. And when he returned to the stage as the moderator of this year's Fixed-Income Management conference, he shared his perspective on the current state of the economy, which remains fragile.
How can investors cope with the extraordinary, post-Great Recession policies of central banks? Seidner's prescriptions were both direct and logical:
Three Secular Thoughts
Stay on dry land and preserve capital - that is, target high-quality income-generating assets.
Bottom-up over beta: Specifically, focus on choosing winners
