PIMCO, a global investment management firm, has launched the PIMCO Unconstrained Bond Fund (Canada), designed to capture a broad set of opportunities in global fixed income and currency markets in an absolute return framework.
Saumil Parikh, Managing Director and member of PIMCO’s Investment Committee, will manage the fund along with Ed Devlin, Managing Director and head of Canadian portfolio management, and Mohit Mittal, Managing Director and Portfolio Manager.
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"The fund embodies PIMCO’s best investment ideas across global fixed income markets," says Parikh.
"Its absolute return objective gives us the flexibility and agility to navigate a range of market conditions. We also have the ability to scale exposures in strong conviction areas and reduce allocations where we see less value or heightened risk."
While the base currency of the fund is in Canadian dollars, the fund managers will actively pursue opportunities across geographical regions and asset classes.
A Front End shares of the PIMCO Unconstrained Bond Fund (Canada) trade under the fund code PM009. Additional shares include A Low Load shares (PM0109), F (fee based) shares (PM0209), O shares (PM0409) and M (fee based) shares (PM0509).
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