Blog Charting Opportunity in Midstream Energy North American oil and gas production will likely be a critical input to the global growth engine, and the midstream sector underpins this growth.
DOWNLOAD CHART With the balance sheet and financing challenges that had plagued the midstream sector since 2014 now largely in the rearview mirror, we believe oil and gas master limited partnerships (MLPs) appear poised to capitalize on the North American energy renaissance. Earnings for midstream energy companies have continued to rise despite volatility in oil prices, as the chart shows, reflecting their lower correlation to oil prices, greater exposure to production volume and ability to generate predictable revenue streams from long-lived assets. With demand for oil and natural gas likely to remain robust, we believe midstream energy now offers one of the more attractive secular growth stories among all asset classes, with support from a favorable – and much improved – entry point. For more on our outlook on MLPs and midstream energy, see “Tapping Opportunity in Oil and Gas Infrastructure.” For more charts critical to understanding markets, economics and policy, visit our Smart Charts library. ACCESS NOW
Viewpoints A Framework for Sizing Real Assets to Manage Inflation Risks Inflation is a hot topic among investors. We believe a framework for sizing real asset allocations can help mitigate the effects of inflation on a portfolio.
PIMCO’s Performance Indicators for Buy‑and‑Maintain Mandates Buy-and-maintain strategies require their own set of mandates, which can make portfolio manager evaluation a challenge.
Blog Bank of Canada: Walking a Tightrope Amid a brightening economic outlook, the Bank of Canada could begin tapering its bond purchase program this month, though we think it’s a close call and believe a cautious approach is warranted.
Blog Global Chip Shortage: The Winners and Losers We expect global tech spending to grow, driving demand for semiconductor components and leading to above-trend growth for the sector.
Cyclical outlook Dealing With an Inflation Head Fake The global economy is poised for a strong rebound, but investors should beware of market volatility stemming from pronounced inflation fears.
Blog Cyclical Outlook Key Takeaways: Dealing With an Inflation Head Fake The global economy is poised for a strong recovery. Inflation is likely to spike temporarily, but we forecast that much of this rise will reverse later this year.
Blog Will Taxes Rise in the U.S.? Democrats could begin working on a tax bill later this year, but resulting tax hikes may be weaker and less of a headwind to growth than some fear.
Blog Oil Prices: Lower for Longer As the oil surplus builds, we expect U.S. crude oil to linger at $30-$40 per barrel for the next several months.
Quantitative Research and Analytics Three Dogs That Did Not Bark: Risk Premia and Stock Market Shocks