Opportunities Beyond a Precarious Path


Pursuing Income

With bond yields back to historical levels, fixed income investments may return to their traditional role as sources of potential income and diversification to help manage risk in a portfolio.  Our range of funds can help investors manage the risks associated with fixed income investments as bonds appear ready to resume their important position in portfolios. 


Elevated yields can help buffer investors

We’ve seen interest rates move higher, which we see as an opportunity for investors to add interest rate duration to their portfolios. Investors may want to consider higher-grade, higher-quality parts of the fixed income markets.

Where should investors look for exposure in their pursuit of income, and how can they aim to mitigate risks?  Learn why intermediate-term bonds could be a solution.

Jon Duensing, Head of Fixed Income and Portfolio Manager at Amundi US, shares his outlook for US and international fixed income markets.

Bonds can play a role as a diversifier* from equities

We believe intermediate, high-quality bonds remain compelling due to their historically elevated yields, longer duration profile and negative return correlation to equities and other high-risk assets. 

Read our full paper, Why Investors Should Consider a Bond Allocation

Against a backdrop of risky equity markets, we believe investors can potentially generate income and capital appreciation by employing a global, multi-asset approach. 

Read our full paper,  A Multi-Asset Approach to the Income Challenge

The Income Challenge

Finding Income Requires Experience and Flexibility | A flexible approach to income opportunities is especially important during periods of rapid changes in interest rates.  What strategies can investors use to go beneath the surface to seek additional sources of income? 

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Source: Bloomberg, Bank of America, and Amundi US as of September 30, 2023.  Data based on past performance, which is no guarantee of future results.  Please see Terms and Indices on chart page for more information.


Opportunities to Explore


An Active, Risk-Managed Approach to Core Fixed Income

Pioneer Bond Fund is a multi-sector bond fund that invests across a broad range of US dollar-denominated fixed income sectors, including US investment grade core, up to 20% in non-investment grade securities and up to 15% in non-US securities. 

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Tax-Free Income From a Selective Portfolio of High-Yield Municipal Bonds

Pioneer High Income Municipal Fund seeks to maximize total return through a combination of income that is exempt from regular federal income tax and capital appreciation with an emphasis on managing downside risk. It aims to invest in the most attractive opportunities in the high-yield municipal bond market.

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Seeking Alternative Sources of Income

Pioneer Multi-Asset Income Fund is an income solution that uses a flexible, multi-asset approach to seek income and capital appreciation as a secondary objective across the global landscape. Since the Fund’s launch, flexibility has allowed it to adapt the asset allocation to evolving market conditions, to seek a high level of income for its investors. 

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Active Management Across the Range of Market Environments

Pioneer Strategic Income Fund is a multi-sector bond fund that invests across a broad range of global fixed income sectors, including core US investment grade, non-investment grade, non-US country, currency and floating rate asset classes.

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More Opportunities to Explore


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Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your financial professional or Amundi US for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it from our  literature section.

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