Investors can still make hay while central banks stick to their easy monetary policies, the deputy chief investment officer at investment firm Pimco has told CNBC.
Virginie Maisonneuve told CNBC Tuesday that the idea wasn't to be defensive but to hold the right portfolio structure over the longer term. This, she said, would negate the need for any undue short-term trading and would mean investors could take advantage of geopolitical risks, which she said created occasional "air pockets" of opportunity in global asset markets.
"You have a world that is healing but it's not growing very strongly. So in that environment, with high debt and low real rates, I think you will see risky assets going higher," she said.
"All that being said, you want to be very careful in the way you are positioned and that's why I think this mosaic approach of style is really important in order to get sustainable returns and the ability to take on air pockets."