If You're in Cash, You Risk Missing Out, Bond Managers of $2.5 Trillion Say
- Capital Group, DoubleLine, Pimco, TCW speak in interviews
- Past month shows missed opportunity from sticking to cash
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For investors stashing record sums in cash, US bond managers overseeing a combined $2.5 trillion have a bit of advice: It’s time to put that money to work.
That’s the message from Capital Group, DoubleLine Capital, Pimco and TCW Group. And it comes as many fixed-income managers are still licking their wounds following a tough year that’s seen the bond market trail ultrasafe T-bills and money-funds carrying the highest rates in decades.