Not just for boomers: The basics of bonds and fixed income - Adam Bowe | PIMCO

Oct 2, 2025

Adam Bowe, Executive Vice President and Head of Australia portfolio management at PIMCO, shares insights into the world of fixed income and bonds. He dispels the myth that bonds are only for retirees, highlighting their accessibility through mutual funds and ETFs. Adam explains why younger investors should consider bonds for income and diversification. He discusses the attractive valuations in the current market, the performance of active management versus passive options, and forecasts for interest rates in Australia and the US.

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INSIGHT

Bonds Are Big And Behave Like Debt

Bonds are tradable debt instruments whose prices move daily with interest rates and credit quality.
The bond universe is far larger and more diverse than equities, so scale and research depth matter.

INSIGHT

Integrated Macro And Micro Process

PIMCO runs a globally integrated investment process combining top-down macro views with bottom-up bond selection.
Portfolios are built bond-by-bond using global research and quarterly investment forums.

INSIGHT

Bond Selection Is Bond-By-Bond

Bottom-up fixed income work examines issuer capital structures and multiple bonds per issuer across maturities and currencies.
Managers evaluate five risk factors: interest rates, curve shape, credit fundamentals, currency, and volatility.

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Think fixed income and bonds aren't for you? Today's fund manager wants you to think again.

Today we speak to Adam Bowe, executive vice president and head of Australia portfolio management at PIMCO.

PIMCO manages trillions of dollars globally for some of the world's largest institutions, endowments and companies, and they are now making their products more available to Australian investors with 4 listed Active ETFs.

In our conversation we cover:

Why more Australian investors are thinking about fixed income
What the data says about active v passive management in fixed income
The different options for passive income for Aussie investors
What PIMCO's view on rate cuts in Australia and the US is from here

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This episode has been sponsored by PIMCO. Support from partners like PIMCO help us keep all our content free.

If you want to learn more about PIMCO's new range of Active ETFs head to: https://www.pimco.com/au/en

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