But while there can be volatility and uncertainty, Mr Ivascyn for Pimco believes it is important for advisers not to see volatility in fixed income markets as all bad.
He explains: “Volatility can also present opportunities, because markets often overshoot or overreact.
“For example, although we have been cautious in our emerging market positioning in the Income Strategy, we have found some interesting opportunities when investors have been too pessimistic, and yields have widened.
“For instance, the strategy has benefited from select exposures to high quality, quasi-sovereign securities in emerging markets such as Russia.”
simoney.kyriakou@ft.com
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