View the article online at http://citywire.co.uk/wealth-manager/article/a740457
How Pimco plans to profit from banking normalisation
by James Phillipps on Mar 17, 2014 at 14:19
‘When banks issue Cocos it is generally between £1-2 billion, compared to large high yield companies which generally issue £500-700 million,’ he said.
Since launch, the fund has returned 13.77% versus a 9.87% rise in the Barclays Global Capital Securities Banking T1/UT2 All USD hedged index.
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