Account information
Fixed Income Investing Opportunities at PioneerThe past year has seen some extraordinary ups and downs in the credit markets.The financial crisis in the fall of 2008 virtually froze credit markets for a time, and investors fled to the safety of cash, money market accounts and Treasury securities. Credit spreads-the difference in yields between Treasuries and corporate bonds- reached all-time highs late in 2008, creating what Pioneer saw as intriguing investment opportunities in the fixed-income area. In short, our belief was "credit led us into this crisis, and credit will lead us out of it." One way for appropriate investors to potentially take advantage of opportunities in the credit markets is to invest in a fixed-income mutual fund. Pioneer offers a broad selection of actively managed fixed-income funds to help meet a wide range of investor needs. The chart below outlines the risk/reward spectrum of Pioneer's fixed-income funds. As always, we urge you to consult with your financial advisor, before making any investment decisions, to determine whether the investment is suitable to your needs. The illustration below is intended as a general guide to the risk/reward profiles of Pioneer's fixed-income funds. Funds appearing toward the top right of this graph offer stronger yield potential for investors who are willing to assume higher levels of risk. Funds appearing toward the lower left typically offer lower yield potential in exchange for reduced risk. There is no guarantee that any one fund will be less volatile or provide more reward than any other fund. |
