Pimco CEO Roman Says Investors Are Piling Into Fixed Income (1)

Investors are adding to their fixed income exposure as imminent interest rate cuts create opportunities, according to Emmanuel Roman, chief executive officer of Pacific Investment Management Co.

Roman expects the Federal Reserve to cut rates by 25 basis points this week, and will end the year 75 basis points lower to pave the way for a buoyant period for fixed income, he said on Bloomberg TV on Monday.

“What I think is exciting about fixed income right now is you can built a portfolio and get a return of 6 to 6.5% with a mix of different instruments,” Roman ...