PIMCO’S Group Chief Investment Officer Dan Ivascyn also runs the world’s largest actively managed bond fund, PIMCO Income. He says bond returns are the most attractive they have been in years and even rival stocks.
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DANIEL IVASCYN
- Group Chief Investment Officer, PIMCO
- Lead Portfolio Manager, PIMCO Income, Credit Hedge Fund & Mortgage Opportunistic Strategies
- Portfolio Manager, PIMCO Income Fund
ACTION POINT
CONSIDER ADDING TREASURY INFLATION-PROTECTED SECURITIES TO YOUR PORTFOLIO
- TIPS
- U.S. Treasury Bonds indexed to inflation
- Liquid = easily bought & sold
- INVESTING IN TIPS
- Buy from government at TreasuryDirect.gov
- Buy through well established funds:
- Highly rated passive choice for short-term maturities:
- Vanguard Short-Term Inflation-Protected Securities ETF (VTIP)
- Actively managed:
- Vanguard Inflation Protected Securities Fund (VIPSX)
- iShares TIPS Bond ETF (TIP)
- Morningstar’s Christine Benz recommends:
- iShares iBonds Term TIPS ETF
- Holds portfolio of TIPS
- Bonds mature in a specific year
- Available in different maturities
- Can buy in increments, building a bond ladder in easily tradable ETFs
ONE INVESTMENT
HIGH QUALITY RETURNS
IVASCYN: OWN A HIGH QUALITY BOND PORTFOLIO
- Under-owned asset
- Generating 7-8% yield
- Outearns cash
- High likelihood of outperforming equities, especially on a risk-adjusted basis
FROM THE ARCHIVE
Recent guests discuss bonds from the WEALTHTRACK Archives:
WEB EXTRA
DE-STRESSING ACTIVITIES
PIMCO’s Dan Ivascyn oversees hundreds of billions of dollars worth of fixed income strategies as well as running the world’s largest actively managed bond fund, PIMCO Income. What does he do to relax? It’s a combination of activities including rooting for his hometown teams.
