Navigating the rate descent

But by extending out the yield curve, by moving into more traditional fixed income sectors of the market, we do see pretty attractive opportunities again, across popular passive alternatives. When you add the ability to generate some other incremental return, things look pretty attractive as well, says PIMCO. But again, real great value in high quality sectors and segments of the market. Last year was quite volatile. And a lot of these higher quality sectors, because of that volatility, are trading to get levels that are attractive from a historical perspective.