Presentations (13)
Year-End 2014 Investment Quality Review Positioning the Company for the Long Term Pacific Life’s investment teams support the Pacific Life family of companies by focusing on investment strategies that stand the test of time and provide attractive risk-adjusted returns. A disciplined investment philosophy and a long-term perspective enable us to deliver products and services that help...
2014 Pacific Mutual Report to Members Pacific Mutual Holding Company Pacific Mutual Holding Company (Pacific Mutual) is the parent company of Pacific LifeCorp, which is the parent company of Pacific Life Insurance Company. Policyholders of Pacific Life Insurance Company are members of Pacific Mutual and, as such, are invited to attend an annual meeting of Pacific Mutual and to elect its board...
October 2015 Commentary from Pacific Asset Management, the manager of Pacific Funds SM Fixed Income Funds. It’s Not You, It’s Your Liquidity Recent market volatility has once again shed light on the diminished liquidity environment for corporate bonds. Regulatory uncertainty and evolving investor dynamics have resulted in some structural changes, with important implications...
September 2015 Below is the latest commentary from Pacific Life Fund Advisors LLC, the investment advisor to the Pacific Funds SM . Don’t Get Caught in the Tourist Trap Tourist traps. Every major city around the world has them. There’s the famous restaurant where the food is actually mediocre or a street market hawking pretty trinkets that fall apart as soon as they are...
October 2015 Commentary from Pacific Asset Management, the manager of the Pacific Funds SM Fixed Income Funds. Breaking Up with ZIRP Is Hard to Do The decision in September by the Federal Reserve (the Fed) to not raise the federal funds (fed funds) target rate highlights the challenges of U.S. monetary policy given weakening global growth and financial markets. In this article we discuss the...
December 2015 Commentary from Pacific Asset Management, the manager of Pacific Funds SM Fixed-Income Funds. High-Yield: Relative Value or Falling Knife? Portfolio Manager Viewpoints Concerns around global growth are increasing due to a variety of factors, creating greater uncertainty and volatility. In this commentary, Portfolio Managers Michael Marzouk, Brian Robertson, and David Weismiller...
may 2015 THE INVESTOR NAVIGATING THE CREDIT MARKETS Portfolio Manager Viewpoints Bank loans have had a strong start in 2015. Positive technicals, improved risk sentiment, and a snapback in energy credits have been the primary drivers. In this commentary, Portfolio Managers Jason Rosiak, JP Leasure, and Michael Marzouk discuss the bank loan market and their 2015 outlook. Rosiak: Entering 2015,...
May 2015 Below is the latest commentary from Pacific Life Fund Advisors, the investment advisor to the Pacific Funds SM . “ econciliation between what markets think and what the FOMC thinks will have to happen R at some point. That’s a potentially violent reconciliation and I am concerned about that.” – James Bullard, President and CEO of the Federal...
April 2015 THE INVESTOR NAVIGATING THE CREDIT MARKETS Preparing for Liftoff Nearly a decade has passed since the Federal Reserve last embarked on a tightening cycle, and the potential implications of the next cycle are a focus for capital markets. In this commentary, we reflect on Rate Guideposts previous cycles, and discuss the potential path on the next round of Taylor rule currently...
April 2015 THE INVESTOR NAVIGATING THE CREDIT MARKETS Preparing for Liftoff Nearly a decade has passed since the Federal Reserve last embarked on a tightening cycle, and the potential implications of the next cycle are a focus for capital markets. In this commentary, we reflect on Rate Guideposts previous cycles, and discuss the potential path on the next round of Taylor rule currently...
january 2015 THE INVESTOR NAVIGATING THE CREDIT MARKETS Loans or Bonds In 2014, high yield bonds and bank loans produced their lowest annual returns since 2011. While both asset classes had positive returns, year-end volatility, growth concerns, a commodity selloff, and outflows negatively impacted performance. Entering 2015, given relative and absolute valuation measures, the outlook for...
January 2015 Below is the latest commentary from Pacific Life Fund Advisors, the investment advisor to the Pacific Funds. The Ripple Effect of the Oil Plunge Oil’s rapid drop in the fourth quarter of 2014, which erased more than 40% of the future contract’s value1, took nearly everyone by surprise. The reasons, ramifications, and duration of the plunge have been dominating...
