Pimco

To fill the gap, they are looking at the existing debt market with fresh eyes, tapping into potentially overlooked asset classes.

The shift in strategy comes as central banks move away from policies that have buttressed markets since the financial crisis.

Rebranding efforts from Allianz’s $595 billion asset management arm are aimed at reassuring investors that stock pickers are worth the extra fees.

These funds emerged as investors sought yield amid an otherwise low-interest rate environment. As rates normalize, does this approach still have a purpose?

A growing chorus of experts see losses ahead, but there are good arguments on the other side.

The holdings demonstrate “resiliency over several credit cycles, with low realized principal losses and robust returns for CLO equity,” managers say.

Uncertainty over the euro’s future sent the Janus Henderson manager’s $2.1 billion fund plummeting nearly 3%, making a bad year even worse.

The firm’s investment in Beacon Platform will be used to deliver quantitative research tools to its 240 portfolio managers globally.

The strategy has been one way asset managers have pared losses after 10-year Treasury yields reached 3%.

Issuers and investors stand to benefit from the provision, which makes it easier for managers to select securities for their funds, but not without risk.

The new location will initially have 200 employees, most of which will be in areas like technology and wealth management.

The firm had strong net inflows to its U.S. Income Fund as well as strategies including long duration and income.

Winners were from Fidelity, Causeway, T. Rowe Price and Prudential.

Portfolio managers from T. Rowe Price, Fidelity and Pimco are among those nominated for the awards.

Coming up with a solution will be challenging because of U.S. sanctions.

“People need to know what the rules are,” an industry consultant says.

One alternative tactic, though expensive, includes buying put options on equities or an index, according to the team.

The manager expects the rule would remove some of the impediments faced by wannabe ETF issuers.

Managers are asking the SEC to relax constraints it imposed on the funds as they become the fastest growing products for investing in equities.

These investments offered better returns than the broader fixed-income world in recent years, but the risk/reward equation leans heavier on risk.