David Hammer, head of municipal bond portfolio management at PIMCO, provides an outlook for the muni market, including insights on downgrade risks, fiscal and monetary policy measures and income tax rates – and where he and his team are investing in today’s markets.
PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the nearly 50 years since, we have worked relentlessly to help millions of investors pursue their objectives – regardless of shifting market conditions. As active investors, our goal is not just to find opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions and service to our clients.