After years in which bonds played a relatively minor role in many portfolios, the picture has changed fundamentally. For Davide Gysi, Country Head Switzerland at US asset manager Pimco, the current environment also presents attractive opportunities for investors.
«When you look at where yields are today, these are good starting points for the years ahead,» he says.
Depending on the segment, yields of 6 to 7 percent in US dollars are currently achievable. This means fixed income can once again play an important role as a building block in a diversified portfolio, according to Gysi. Particularly after the experience of 2022, when equities and bonds came under pressure simultaneously, the environment has changed fundamentally.
Volatility Creates Opportunities
Gysi nevertheless stops short of describing the current situation as comfortable. Geopolitical uncertainty and high market volatility continue to present challenges for investors.
