âNot Sustainableâ
Allianz reported fixed-income deposits of 127 billion euros in the 12 months ended Sept. 30. Its third-quarter deposits climbed 19 percent from the same period in 2009.
Baete said investors may turn away from fixed-income funds and move to equities if interest rates increase from the near- zero levels that theyâve been at for the past two years. The deposits into bond funds are âprobably not sustainable and we are seeing the buildup of a new bubble,â Baete said.
In a July 28 interview with Tom Keene on Bloomberg Radioâs âOn the Economy,â Gross said Pimco had been attracting almost $1 billion a week from investors.
Under Chief Executive Officer El-Erian, Pimco last year began a push into equities as it looks to diversify beyond its mainstay of bonds. The firm has hired portfolio managers from Franklin Resources Inc. and Goldman Sachs Group Inc.âs asset- management unit to open global equity funds.
http://noir.bloomberg.com/apps/news?pid=20601087&sid=admQc5QqNRX8&pos=7
It´s absolutely ridiculous. PIMCO is attracting $1 billion per week and looking to diversify its business into equities. I ask myself who are these morons pushing billions into bond mutual funds ???? And where are these investors coming from ? The US ?
Allianz reported fixed-income deposits of 127 billion euros in the 12 months ended Sept. 30. Its third-quarter deposits climbed 19 percent from the same period in 2009.
Baete said investors may turn away from fixed-income funds and move to equities if interest rates increase from the near- zero levels that theyâve been at for the past two years. The deposits into bond funds are âprobably not sustainable and we are seeing the buildup of a new bubble,â Baete said.
In a July 28 interview with Tom Keene on Bloomberg Radioâs âOn the Economy,â Gross said Pimco had been attracting almost $1 billion a week from investors.
Under Chief Executive Officer El-Erian, Pimco last year began a push into equities as it looks to diversify beyond its mainstay of bonds. The firm has hired portfolio managers from Franklin Resources Inc. and Goldman Sachs Group Inc.âs asset- management unit to open global equity funds.
http://noir.bloomberg.com/apps/news?pid=20601087&sid=admQc5QqNRX8&pos=7
It´s absolutely ridiculous. PIMCO is attracting $1 billion per week and looking to diversify its business into equities. I ask myself who are these morons pushing billions into bond mutual funds ???? And where are these investors coming from ? The US ?
