Investment Process
Partnering with behavioral finance experts, we integrate best practices throughout our investment process to improve collective and individual decision-making, amplify risk management, and publish behavioral insights.
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Improving Collective Decision Making
We seek to improve collective decision-making by combating groupthink –the range of biases amplified in group contexts – in our Secular and Cyclical Forums, Investment Committee, and Regional Portfolio Committees.
Amplifying Risk Management
Amplifying risk management is a critical component of our behavioral science mindset. We’ve employed behavioral analytics and decision dashboards to help improve entry and exit discipline and ease biases like the disposition effect & home bias.
Refining Individual Decision Making
Refining individual decision-making and mitigating the host of behavioral biases that can challenge even the smartest investors is also a key strategy; we’ve put robust structures and guardrails in place, such as pre-mortem checklists.
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Understanding how we behave and the decisions we make are critical to building on PIMCO’s strong culture of investing excellence and creating a diverse, engaging workplace, so we are excited to partner on this groundbreaking approach.
– Emmanuel Roman
PIMCO is always looking for inputs and data which challenge our ideas and assumptions about investing and risk and the RF-CDR team can provide us world-class insight into behavioral analysis and trends which will make us a better active manager and stewards of our clients’ assets.
– Daniel J. Ivascyn
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Mindworks, a behavioral science discovery center and working PIMCO Decision Research Lab, opened in downtown Chicago in 2021. Free and open to the public, it is a great opportunity to engage in interactive exhibits and participate in research studies.
The PIMCO Midway Club
Meeting space is also available at the PIMCO Executive Lounge in Chicago Booths London campus.
Behavioral Insights
We publish behavioral insights and best practices to help our clients better understand the value it delivers and assist them in enhancing their own decision-making processes.
Download our latest insight "Understanding Client Decision-Making Through Behavioral Science".
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During periods of extreme market volatility, investors often focus on short-term returns not long-term goals. Learn how advisors can help reduce negative consequences of emotional decision making by providing valuable guidance in this video.
John Nersesian
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In this series, discover exciting private market opportunities and how PIMCO pursues them in an effort to benefit our investors. Learn why we believe data infrastructure is an attractive investment within our asset-based finance (ABF) portfolios.
Kristofer Kraus
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Economic and Market Commentary
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.
Brian Kyle
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Economic and Market Commentary
Macroeconomic uncertainties prompted the Federal Reserve to signal a slower pace of policy rate cuts in 2025 and beyond.
Tiffany Wilding,
Allison Boxer
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Economic and Market Commentary
As cash yields dwindle, the case for fixed income becomes increasingly compelling.
Richard Clarida,
Mohit Mittal
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Economic and Market Commentary
We continue to agree with market pricing following the ECB’s latest rate cut, but see additional downside risks to growth post-U.S. election.
Konstantin Veit
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Alternatives Investment Outlook
The transition from bank-dominated lending to a diversified financing ecosystem offers unprecedented opportunities for private credit investors.
Kristofer Kraus,
Harin de Silva,
Jason Steiner
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Amid concerns about the impact of rising deficits on U.S. Treasuries, it helps to differentiate bond investments by maturity, credit rating, and global relative value.
Marc Seidner,
Pramol Dhawan
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Portfolio Managers Erin Browne and Emmanuel Sharef discuss their strategy for multi-asset portfolios amid the resurgence of the inverse relationship between equities and fixed income, and highlight their key investment opportunities in today’s market environment.
Erin Browne,
Emmanuel S. Sharef
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Disclosures
All investments contain risk and may lose value. Management risk is the risk that the investment techniques and risk analyses applied by PIMCO will not produce the desired results, and that certain policies or developments may affect the investment techniques available to PIMCO in connection with managing the strategy.
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 for the 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 opinions of the managers and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security. strategy or investment product. 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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