Investment and Retirement

American fiscal cliff deal: PIMCO’s opinion

At SSQ Investment and Retirement, the Funds Development team responsible for monitoring financial markets and segregated fund managers is constantly on the lookout for events that may impact funds’ performance. While performing those duties, it encountered a recent article written by PIMCO, manager of the ASTRA PIMCO Bond, addressing the current economic issues in the United States.

PIMCO plays a very important role on the worldwide bond management market, managing over 1,900 billion dollars in domestic and international mandates through its team of over 600 professionals in 12 countries.

 

These experts know what they are talking about when they discuss the effects on the economy and financial markets of the recent American fiscal cliff deal as well as other issues that could not be resolved in this agreement, including raising the United States’ debt ceiling.

 

Click here to read PIMCO’s opinion