GLOBAL - The European rescue package has provided an out for long-term investors that had underestimated credit risk in their European sovereign holdings, PIMCO managing director and head of European portfolio management Andrew Balls said.
"There has clearly been a conservative investor base in government bonds, pension funds and other investors that wanted a conservative allocation to government bonds...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
