Asset Management Awards for Excellence 2016 – Best Fund Provider – Global Bond


PIMCO

Michael Thompson, Head of Singapore and Head of Global Wealth Management, Asia ex-Japan, PIMCO


Michael Thompson
Head of Singapore and Head of Global Wealth Management, Asia ex-Japan
PIMCO

With market headwinds forecast to persist, yesterday’s bond-pickers are today outsourcing income generation. The dovishness of Fed chair Yellen underlines the cautiousness investors should expect to face going forward as weak growth and new correlations shake the markets – think China’s transitioning economy or possible yuan devaluations; European weakness and a potential Brexit; a reformist drive in Japan that is losing steam; and, emerging markets that offer both promise and risks.

PIMCO’s renowned status as a fixed income specialist and its entrenched presence in the region have enabled it to amass over 100 distributors within its Asia ex-Japan global wealth management business spanning banks and family offices. A household name, PIMCO continues to secure a dominant share of third-party private client assets and a renewed recent interest in high-yields may further tilt in its favour. The scale of the firm’s operations allows PIMCO to cater to the needs of specific private banks or portfolios for various risk profiles.

Uncertainty will remain throughout 2016 and, for this reason, disciplined management will be a critical factor in helping portfolios mitigate volatility, all the while maintaining income distribution across the fixed income universe. Being successful in the space is no small feat, and selectors in the Asia region have chosen PIMCO as this year’s Best Fund Provider – Global Bond.