Recent volatility means capital securities now offer a compelling combination of yield, duration and credit risk.

Capital-efficient strategies that incorporate equity futures may be valuable in the low-return environment ahead.

The late phase of a business cycle can pose significant challenges to asset allocators. We think the keys to dealing with them are to stay flexible and to focus on quality when structuring a portfolio.

Risk is rising late in the cycle. How should investors respond?

Despite low bond yields in many countries outside the U.S., hedged yields may be quite attractive for U.S. dollar-based investors.

We see some compelling reasons why, after a challenging few years, commodities could play a bigger role in investor portfolios in 2018 and beyond.

Here are our asset allocation themes for multi-asset portfolios in 2018.

Untethered to traditional bond benchmarks, unconstrained bond strategies can respond to current changing market conditions in various ways.

With the dramatic spike in market volatility over the past week, many investors are asking what comes next.

Combining bonds with other equity-risk-mitigation strategies may be more efficient than any single approach.

With critical policy pivots on the horizon, investors should approach asset allocation with full appreciation for downside risk and stay focused on relative value and security selection.

Given our base case of modest global growth aided by a fiscal boost in the U.S., we believe positive returns can still be earned via targeted risk-taking.

PIMCO research suggests it may be more efficient to make hedging decisions at the portfolio level on a currency-by-currency basis.

PIMCO believes this is a particularly opportune time to move into higher-quality credit, as well as select high yield and bank loan sectors.