Can high quality bonds offer equity-like returns?

There are opportunities across many sectors of high quality fixed income asset classes, says PIMCO. On the the credit corporate side, there is slower growth, but the firm still expects nominal growth of roughly 4 to 5%. This should still generate positive earnings growth, they say. PIMCO continues to like companies like airlines, lodging, gaming companies, aerospace and it has also been moving into defensive sectors recently like hospitals, pharmaceutical companies as well as towers and telecom. They say these companies still generate very strong cash flow, even in a lower growth environment...