Pramod Atluri, fixed income portfolio manager at Capital Group, joins Julie Cooling, founder & CEO, RIA Channel to discuss the shifting fixed income landscape, investment opportunities and allocation considerations.
Persistent inflation and rising rates have led to a challenging fixed income market for investors. The balanced portfolio, which has historically relied on the fixed income component to provide diversification and downside protection, has delivered little relief. While Atluri expects sustained inflation and volatility in fixed income markets to continue into 2023, he sees a lot of opportunity in the next five to 10 years once rising rates and inflation taper off. ”Yields are much higher and risky asset prices have become much more attractive,” says Atluri.
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Fixed income insights at Capital Group
Fixed Income Portfolio Manager at Capital Group
Pramod Atluri is a fixed income portfolio manager at Capital Group. He has 23 years of investment industry experience and has been with Capital Group for six years. Prior to joining Capital, Pramod was a fixed income portfolio manager at Fidelity Investments, where he also worked as a fixed income strategist and corporate bond analyst. Before that, he was a management consultant at McKinsey & Company. He holds an MBA from Harvard Business School and a bachelor’s degree in biological chemistry from the University of Chicago, where he also completed the requirements for bachelor’s degrees in economics and chemistry. He holds the Chartered Financial Analyst® designation. Pramod is based in Los Angeles.
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