PIMCO, a leading global investment management firm, has launched the PIMCO Emerging Markets Full Spectrum Bond Fund (PFSIX), designed to give investors a comprehensive, «one stop» fixed income strategy to capture the wide variety of investment opportunities in the developing world. The fund provides an asset allocation and risk management framework for relative value investing across fixed income and currency asset classes. It is managed by Michael Gomez, Managing Director and co-head of PIMCO’s global emerging markets portfolio management team.
Many investors are still under-allocated to developing economies, PIMCO believes, and should increase their exposure to tap into higher yields, with stronger economic conditions and improving underlying fundamentals. Investing in emerging markets may also provide greater portfolio diversification.
“Many fast-growing emerging markets offer investors a range of choices, such as undervalued currencies, attractive yields in local bond markets, the improving credit quality of sovereign debt or the higher yields of corporate bonds, but identifying and capturing the best opportunities requires a dynamic asset allocation framework and robust risk management,” said Mr Gomez.
Mr Gomez said the PIMCO Emerging Markets Full Spectrum Bond Fund not only draws on the firm’s expertise in asset allocation to navigate the best relative value opportunities in emerging markets sovereign bonds, local currency bonds, corporate bonds or currencies, but also draws on PIMCO’s global macroeconomic insights and extensive bottom-up research.
Institutional shares of the PIMCO Emerging Markets Full Spectrum Bond Fund trade under the ticker symbol PFSIX. Additional shares include “P” shares (PFSPX), “A” shares (PFSSX), “D” shares (PFSYX) and “C” shares (PFSCX).
PIMCO is a leading global investment management firm, with offices in 13 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.