Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Pimco Emerges as a Debt Collector Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 26, 2010

Pimco Emerges as a Debt Collector

News summary by MFWire's editors

Pimco emerging market portfolio manager Ramin Toloui spoke to The Wall Street Journal about his company's recent push into emerging-market corporate debt. In Monday's Fund Track, Toloui said that Pimco is increasing its exposure to developing economies, and has already increased its flagship fund's, the Total Return Fund, exposure from five percent to six percent.

Additionally, the year-old Global Advantage Bond Index now has a 30 percent allocation in emerging markets.

"That gives you some sense of what we think, when we talk about new opportunities," Toloui told the WSJ. "We're basically trying to initiate a conversation with investors with what your fixed-income portfolio should look like."

Pimco has been buying debt of state-owned energy companies and financial institutions, as well as privately owned companies in the commodities sector.

"Emerging markets are going to increasingly become part of a core fixed-income allocation for investors where, in the past, emerging markets have been regarded as risky or exotic, an optional part of people's portfolio," added Toloui. 

Edited by: Daniel Tovrov


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use