过往业绩并非未来业绩的保证或可靠指标。
所有投资均包含风险，并可能遭受损失。投资于债券市场面临各种风险，包括市场风险、利率风险、发行人风险、信用风险、通胀风险及流动性风险。大多数债券和债券策略的价值受利率变动的影响。期限较长的债券和债券策略往往比期限较短的更为敏感和波动；债券价格通常随利率上升而下跌，低利率环境会加剧这一风险。债券交易对手方能力的降低可能导致市场流动性下降和价格波动加剧。债券投资在赎回时的价值可能高于或低于原始成本。某些美国国债由政府全额信用支持。美国政府机构和当局的债务支持程度各不相同，但通常不由美国政府全额信用担保。投资于此类证券的组合不享受担保，其价值会波动。投资于以外币计价的证券或外国发行人的证券可能因汇率波动以及经济和地缘政治风险而面临更高风险，在新兴市场这些风险可能更大。汇率在短期内可能大幅波动，并可能降低组合的回报。
关于金融市场趋势或组合策略的陈述基于当前市场状况，而市场状况会波动。不保证这些投资策略在所有市场条件下均有效或适用于所有投资者，每位投资者应评估其长期投资的能力，尤其是在市场低迷时期。展望和策略如有变更，恕不另行通知。
Past performance is not a guarantee or a reliable indicator of future results.
All Investments contain risk and may lose value. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Certain U.S. government securities are backed by the full faith of the government. Obligations of U.S. government agencies and authorities are supported by varying degrees but are generally not backed by the full faith of the U.S. government. Portfolios that invest in such securities are not guaranteed and will fluctuate in value. Investing in foreign-denominated and/or -domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Currency rates may fluctuate significantly over short periods of time and may reduce the returns of a portfolio.
Statements concerning financial market trends or portfolio strategies are based on current market conditions, which will fluctuate. There is no guarantee that these investment strategies will work under all market conditions or are appropriate for all investors and each investor should evaluate their ability to invest for the long term, especially during periods of downturn in the market. Outlook and strategies are subject to change without notice.
PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world.
正在载入文档……