Tax-Efficient Investing
Why PIMCO for Tax-Exempt Investing?
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Robust and Experienced Municipal Team
Disciplined and Integrated Process
Diversified Strategy Platform
More to Know
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Group CIO Dan Ivascyn underscores why high-quality bonds are better positioned for 2025, given their attractive yields and valuations relative to cash and equities.
Navigating Global Macro Risks in 2025
Explore the evolving risks and opportunities affecting global growth and inflation in our 2025 outlook with PIMCO economist Tiffany Wilding.
The first trade skirmish of the second Trump administration has reverberated through global markets, highlighting the ongoing uncertainty in international trade relations.
ECB: Heading Towards Neutral
Despite still elevated domestic inflation, weak growth and inflation projected at target this year strengthen the case for further rate cuts.
Fed Sees No Need to Hurry
Facing an uncertain outlook, the Federal Reserve holds rates steady and signals a watch-and-wait approach.
Uncertainty Is Certain
Amid an unsettled global economic outlook and elevated equity valuations, bond markets present attractive yields and important diversification benefits.
Core Bonds vs. Fed Funds Rate
Historically, when core bonds out-yield short term rates they have delivered attractive returns. For the first time in more than a year, the yield to worst on core bonds exceeds the Fed Funds rate.
Macroeconomic uncertainties prompted the Federal Reserve to signal a slower pace of policy rate cuts in 2025 and beyond.
As cash yields dwindle, the case for fixed income becomes increasingly compelling.
Road Testing Your Client’s Portfolio
How Can PIMCO Help You?
PIMCO does not provide legal or tax advice. Please consult your tax and/or legal counsel for specific tax or legal questions and concerns.
All investments contain risk and may lose value. Investing in municipal bonds involves the risks of investing in debt securities generally and certain other risks. Investors will, at times, incur a tax liability. Income from municipal bonds may be subject to state and local taxes and at times the alternative minimum tax.
There is no guarantee that these investment strategies will work under all market conditions or are appropriate for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market.
PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world.
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