A World of Opportunity

Global cycles have fallen out of sync, and the gaps between markets are widening. PIMCO CIO of Global Fixed Income Andrew Balls says that's the exact type of environment where global active management matters most.

Why different parts of the yield curve look attractive in different markets, and how active management can isolate duration by country and by tenor

Why fixed income can serve as both a diversifier to offset volatility and a source of alpha

What AI dominance in the U.S. and China, German defense spending, and other country-specific shifts mean for global bonds

Show notes: 

[9:59] The thesis of Rupture and Resilience 

[15:43] Politics driving economics in Japan, the U.K., and Europe 

[30:47] The AI supercycle in Europe vs. the U.S. 

[36:13] The investment implications of rearming Europe 

[40:51] Europe and the global energy complex 

[43:42] Making the case for global fixed income 

If you enjoyed the episode, check out more of our resources on global fixed income: