Bulk Up on Cash as 2019 Look Volatile, Pimco Says
- Look to maintain exposure to high-liquid segment, cash: Pimco
- Outlook on government, corporate bonds ‘cautious,’ says Mieth
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Staying in cash and waiting for the right opportunities to come by could prove rewarding in the new year that’s likely to be more volatile than 2018, according to Pacific Investment Management Co.
“We are cautious on our overall risk positioning,” said Roland Mieth, Singapore-based emerging-markets portfolio manager at Pimco, which oversees about $1.7 trillion. “Both in Asia and globally, we’re looking to maintain exposure to high-liquid portions of the market as well as increasing cash.”