PIMCO's 5-Year Forecast for Global Stocks and Bonds

With bonds expected to return around 2% and global equities returning 4.5%, the bond giant see a balanced portfolio achieving about 3.5% per annum for investors

Holly Cook 19 May, 2015 | 10:10AM
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“There’s no recession on the horizon,” said bond giant PIMCO’s Mihir Worah at the recent Morningstar Investment Conference, referring to the developed economies and other major economies including India and China. The CIO of Asset Allocation and Real Return at PIMCO noted Russia and Brazil as exceptions, but confirmed that the fund house doesn’t expect anything more disappointing than a very low, muted recovery in the developed world over the next 12-18 months.

PIMCO forecasts GDP growth of 2.5% for each of the UK and the US, 1.5% for the EU and 6.5% for China in 2015 – “nothing to get excited about,” in Worah’s words, but a stable enough backdrop to identify specific investment opportunities.

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Holly Cook

Holly Cook  is Manager, Morningstar EMEA Websites

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