Ramin Toloui Identifies Asian Investment Opportunities

Ramin Toloui, global co-head of emerging markets portfolio management at PIMCO

According to Ramin Toloui, global co-head of PIMCO’s emerging markets portfolio management team and chair of PIMCO’s Asia-Pacific portfolio committee, the economic outlook for the Asia-Pacific region will depend mostly on internal factors. In the most recent economic outlook published by PIMCO, Toloui and his colleagues discussed how “the external demand environment will be generally neutral in the near term” for Asia; some positive forces will prevent growth from deteriorating in 2013, whereas some negative influences are preventing a strong recovery.

Toloui is based in PIMCO’s Singapore office, and news outlets regularly seek his opinion on economic activity in the region. Last month, when Bloomberg News wrote about the People’s Bank of China’s decision to widen the band in which the yuan was allowed to fluctuate, it included Toloui’s observation that the move was “likely to prevent significant depreciation of the renminbi.”

Toloui was also interviewed by Reuters to discuss PIMCO’s bullish stance on the Indian rupee and the offshore Chinese yuan as currency bets. In the Reuters article, Toloui noted that the rupee had a favorable yield per unit of volatility and that it was cheap relative to its yield in nondeliverable forwards.

In his economic outlook discussion on PIMCO’s website, Toloui mentioned that Japan has been the subject of extensive discussion at the firm. Toloui remarked that PIMCO is expecting “a significant boost to aggregate demand” in Japan because of a weaker yen and higher government spending.

At the 66th CFA Institute Annual Conference in Singapore, Toloui will discuss “The New Era of Global Bonds.” Register to attend the conference to hear his thoughts on risk-adjusted sources of sustainable income and ways to enhance the return of a globally diversified portfolio, and learn more about the opportunities available to conference delegates in Singapore. Be sure to follow this blog for more updates.

Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

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