Pacific Investment Management Co., the world’s largest active bond manager, plans to open a fixed- income fund today that will allocate money across a range of emerging-market debt, according to a person briefed on the plan.
Brazil’s local bonds are one of the top picks at Pacific Investment Management Co., manager of the world’s largest bond fund, as the country’s economic growth and higher interest rates offer “attractive” returns.
Pacific Investment Management Co.’s fund that specializes in emerging-market local currency bonds is lagging behind peers tracked by Bloomberg data while beating the index it uses to measure performance.
Mexican bonds are giving investors led by Pacific Investment Management Co.’s Bill Gross the best chance to profit from the nation’s economic growth and its bid to open the energy industry to private investment.
Erdem Basci , the frontrunner to take over as Turkey’s central bank chief this month, may be forced to start reversing a cheap-money policy he helped devise, with inflation set to accelerate from a four-decade low.
Poland’s risk of contagion from the euro-area debt crisis is rising because the country isn’t doing enough to cut its budget gap, said Michael Gomez, an emerging- markets fund manager at Pacific Investment Management Co.