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Climate and COP26: Takeaways From Two Delegates
by Scott Mather, Gavin Power of PIMCO, 11/18/21

We offer our view of the most significant outcomes from the UN Climate Change Conference.

The New Sustainable Finance Principles
by Scott Mather, Gavin Power of PIMCO, 9/23/20

Launched in September 2020, the CFO Principles for Integrated SDG Investments and Finance are designed to help create a market for corporate SDG (Sustainable Development Goal) investments.

The Role of Bonds in a New Era of Low Yields
by Scott Mather, Anmol Sinha of PIMCO, 9/11/20

Resiliency and diversification potential remain critical in a world with meaningful uncertainty ahead.

Public-Private Solutions to Safeguard Economies Everywhere
by Scott Mather of PIMCO, 6/26/20

The health crisis creates opportunities to unite historically disparate investor groups to help build economic and market sustainability and resiliency.

UN Climate Summit: Business and Investors Lead on Action
by Scott Mather, Gavin Power of PIMCO, 10/1/19

Businesses and investors are moving ahead with progressive actions despite policy vacuums.

Summer of Discontent: Market Volatility Underscores Fragility of Aging Expansion
by Scott Mather of PIMCO, 8/9/19

The last few days have highlighted the inherent fragility in markets – and the growth outlook globally.

Key Takeaways From the U.S. Midterms: What a Split Congress Means for Markets
by Libby Cantrill, Scott Mather of PIMCO, 11/8/18

The U.S. midterm elections played out much as expected, with Democrats picking up the 23 seats (and more) needed to retake the majority in the House of Representatives and Republicans easily defending their majority in the Senate.

Looking Past Volatility
by Daniel Ivascyn, Scott Mather of PIMCO, 2/13/18

PIMCO takes a long-term view of markets and economies, one that anchors investment decisions during shorter-term periods of market volatility. Nonetheless, the dramatic return of market volatility has understandably unnerved many investors.

Harnessing Uncertainty: Five Opportunities in the Core Bond Market
by Scott Mather of PIMCO, 6/23/17

This is an exciting time to be an investor, but it’s also a very uncertain one. Risks to both the upside and downside are much higher than they were even a year ago.

The Victory Few Saw Coming: The Impact of Trump’s Win on Markets
by Scott Mather of PIMCO, 11/14/16

Here’s our view on what a Trump presidency and Republican Congress likely mean for markets over the near, medium and longer terms.

Negative Interest Rate Policies May Be Part of the Problem
by Scott Mather of PIMCO, 2/12/16
Investors may see these experimental policy moves as damaging to financial and economic stability.

Rising Rates: Dispelling the Myth
by Scott Mather, David Fisher of PIMCO, 12/11/15
Bond investors may have little to fear and potentially something to gain from rising interest rates.

U.S. Stands Out Amid Global Sluggishness
by Scott Mather of PIMCO, 6/10/15
A year ago, PIMCO said the world was in The New Neutral, as the path to recovery dragged on years after the financial crisis. Last month, at our annual Secular Forum in which our global investment professionals gathered to discuss our long-term outlook, we affirmed that thesis, and we recently published “The New Neutral Revisited” detailing and updating our views. Scott Mather, Chief Investment Officer U.S. Core Strategies, discusses how the outlook for the U.S. differs, to a degree, from other large economies.

Scott Mather Discusses PIMCO’s Total Return Strategy
by Scott Mather of PIMCO, 2/12/15
Bonds have continued to rally so far this year, even as the Federal Reserve contemplates raising interest rates. In the following interview, Scott Mather, CIO U.S. Core Strategies, discusses recent developments in the bond markets, the outlook for the year ahead and the investment implications for PIMCO’s Total Return Strategy. Mather co-manages the strategy with Mark Kiesel, CIO Global Credit, and Mihir Worah, CIO Real Return and Asset Allocation.

Still A Winning Hand
by Scott Mather, Mark Kiesel, Mihir Worah of PIMCO, 11/21/14
The U.S. is finally enjoying a self-sustaining economic recovery, but slow global growth remains a concern and financial markets are bouncing up and down by the day. So what exactly does this U.S. recovery mean for investors?

Practical Policy Prescriptions to Help Offset Geopolitical Uncertainties
by Scott Mather, Greg Sharenow of PIMCO, 10/10/14
We believe Europe should relax fiscal budget constraints to allow for fiscal stimulus to offset any economic drag, while maintaining extremely accommodative monetary policy. The U.S. and its relatively newfound energy renaissance can also play an important role in supporting Europe and the global economy by signaling its intention to compete for energy market share.

Slower Growth in China and Japan Pressures the Region
by Scott Mather, Tomoya Masanao, Adam Bowe of PIMCO, 9/29/14
Our forecast for the global economy is below consensus mainly because of our views for regions outside of the U.S., including Asia, the emerging markets and Europe, although higher growth in the U.S. should offset some of the slowdown we see coming from China. Japan made a kick start under so-called Abenomics with massive monetary and fiscal reflation policies, but the recent data suggest to us that the effectiveness of those cyclical policies are already challenged by secular and structural headwinds.

The ?Whites of Their Eyes?: The Fed?s Changing Reaction Function
by Scott Mather, David Fisher of PIMCO, 5/1/14
While the unemployment rate has historically been one of the Federal Reserve?s key measures of spare capacity, and thus inflation risk, those eagerly awaiting each month?s employment report for signals on the Fed?s likely response may be barking up the wrong tree. The central bank still attempts to estimate the natural rate of unemployment, but conflicting signals from the labor market have clearly made the Fed less willing to trust its models. The result: Inflation will be more important than employment in the Fed?s decision-making process.

Moving Forward With the Normalization of Yields
by Scott Mather, Michael Story of PIMCO, 4/8/14
One response to yield normalization is to consider retaining core bonds and diversifying the specific risk factor of concern, in this case duration. In the past, global bonds have captured most of the upside but avoided a significant amount of the downside relative to domestic-only bonds. Generating capital gains from bonds in a rising yield environment requires defining concretely what yield normalization means ? where yields are going and when they will get there ? and setting these expectations against forward market pricing, country by country.

Global Investing in 2013: Policy Dominance, Active Management and a New Paradigm in Currencies
by Scott Mather of PIMCO, 4/11/13
We expect that the impact of ongoing global policy experimentalism on real economic growth and financial markets will likely vary substantially from country to country, creating both risks and opportunities. With flexible, active global strategies investors can potentially benefit from a broader opportunity set and the ability to go off benchmark in an effort to both avoid risks and tap opportunities.

'Japanification'
by Scott Mather, Dirk Jeschke of PIMCO, 8/23/12
The same dark forces that Japan has been battling could continue to infect the developed world. During Japan's banking crisis deflationary expectations became embedded in the economy early on, preventing real short-term rates from remaining negative and thereby clogging monetary transmission. One of the chief explanations for the outbreak of deflation in Japan was the difference in the structure of the labor market.

The ECB Is Too Tight Absolutely and Relatively
by Scott Mather, Dirk Jeschke of PIMCO, 8/16/12
Looking at measures of the quantity of money and its transmission into the real economy reveals that ECB policy is quite tight. Growth hardly stands a chance under this scenario. Relatively tight monetary policy would perhaps be understandable if the eurozone were threatened by inflation. However, inflation is low and falling in the Eurozone. The ECB may be playing a game of chicken with European policymakers. If true, this is a dangerous strategy.
22 results found.