PIMCO has rolled out a new Pimco GIS Emerging Markets 2018 Fund that counters both a low-rate environment while managing volatility and interest rate risk.
Managed by Francesc Balcells, executive vice president and portfolio manager at Pimco, the fixed income portfolio offers investors higher returns from emerging markets in a low-rate environment while managing volatility and interest rate risk.
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The fund seeks to provide exposure to attractive yield levels available in hard currency-denominated emerging market sovereigns and corporates.
With a maturity of four years, the fund aims to focus on the security selection at the portfolio construction stage to realize the initial return estimate (YTM) and undertake ongoing monitoring of credits to avoid credit events and capital impairment.
The emerging markets fund will be available to investors in institutional, administrative and retail share classes in various currency-hedged versions.
Balcells said; "The fixed maturity is a relatively unknown but rapidly growing segment of the bond fund market in Europe. The Pimco GIS Emerging Markets 2018 Fund seeks to provide investors with higher returns in The New Neutral world of generally suppressed yields, but it does so while addressing key concerns of volatility and long duration of the asset class."
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