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A window of opportunity. As we put the credit crisis behind us and look ahead to a gradual recovery, we are pleased to reflect that the fixed income opportunities we identified earlier in the year did in fact help to lead us out of the second-worst economic period in history. We will expand on our belief that the U.S. credit markets continue to offer value for appropriate investors.
The views expressed in this material are those of Pioneer, and are subject to change at any time. These views should not be relied upon as investment advice, as securities recommendations, or as an indication of trading intent on behalf of any Pioneer investment product. For More Information Neither Pioneer, nor its representatives are legal or tax advisors. In addition, Pioneer does not provide advice or recommendations. The investments you choose should correspond to your financial needs, goals, and risk tolerance. For assistance in determining your financial situation, please consult an investment professional. |
The U.S. Economic Recovery has Begun The U.S. economy has bottomed and we expect GDP growth of -1% to -2% in 2009 and about 2%+ growth in 2010. We believe the recovery will be gradual, rather than V-shaped, as it still faces headwinds that include elevated unemployment levels, weak consumer demand and fragile consumer confidence. Positive trends include... More» Credit Markets Still Offer Opportunity Spread levels for both the investment grade and high yield corporate bond markets have rallied significantly since their December peaks, but remain above historical norms. The high yield market is pricing in default rates of approximately... More» Versatile Line-Up Offers Breadth, Depth of Selection As a premier provider of fixed income investments, Pioneer offers a broad selection of actively managed bond funds to help meet a wide range of investor needs. Each of the funds in Pioneer's fixed income line-up benefits from... More» |
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The credit and liquidity crisis has improved significantly, and the U.S. economy has bottomed
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