Pimco claims that the rising market trend in emerging markets will continue for "many years".

According to reports, in the opinion of Pimco's Pramol Dhawan, last year's rally in emerging markets was just a prelude to a longer-lasting trend. Pramol Dhawan, head of emerging market portfolio management at Pimco, said in a media interview, "This is a script that will last for many years. We have no intention of withdrawing any chips. Not at all." Dhawan stated that his views are based on fundamental changes, namely that concerns about the fiscal health of developed economies are worsening, while developing countries are showing stronger discipline. This change is challenging the long-held beliefs of global investors. For example, doubts about the independence of the Federal Reserve are starting to emerge in the United States and elsewhere. Some of these concerns have led to the worst year for the US dollar since 2017, which in turn has helped boost returns for emerging market investors. Dhawan stated that he is not "completely shorting the US dollar", but rather prefers credit entities that have proven strict fiscal discipline and have taken cautious measures to control inflation.