Last updated: 06:31 / Tuesday, 20 September 2016
In Europe

PIMCO Launches an Actively Managed US Investment Grade Corporate Bond Fund

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PIMCO Launches an Actively Managed US Investment Grade Corporate Bond Fund
  • Managed by Mark Kiesel
  • The investment process includes top-down considerations, bottom-up fundamentals, and valuations
  • Part of PIMCO’s UCITS compliant Global Investor Series (GIS) fund range

PIMCO, a leading global investment management firm, has launched the PIMCO GIS US Investment Grade Corporate Bond Fund, which is a portfolio consisting of high quality USD-denominated corporate bonds. It is designed for investors seeking a high-quality fixed income alternative to government bonds or domestic corporate bonds, with the potential for higher yields and enhanced portfolio diversification. The fund is managed by a team led by Mark Kiesel, Managing Director and Chief Investment Officer Global Credit.

Mark Kiesel said: “With yields on European government and corporate bonds at historic lows, and in some cases negative, the U.S. corporate bond market continues to be one of the main areas offering much needed yield.”

PIMCO’s global investment process involves a three-step process including top-down considerations, bottom-up fundamentals, and valuations. The firm’s specific expertise in credit builds on a team of more than 50 credit analysts and more than 50 credit portfolio managers. In 2012, Mark Kiesel and PIMCO’s credit team were awarded Morningstar’s U.S Fixed Income Fund Manager of the Year.

PIMCO has been managing U.S. investment grade credit strategies since 2000, and has delivered over 1.75 percentage points of outperformance relative to the index, before fees, since inception.

The fund has been added to PIMCO’s UCITS compliant Global Investor Series (GIS) fund range. This Dublin-registered range now comprises 55 sub-funds with $98.5 billion under management as of 31st August 2016. With daily liquidity, investors can gain exposure to a broad range of asset classes, from the more traditional global and regional core fixed income funds, through credit portfolios, to enhanced equity, asset allocation and alternative solutions. The fund will be accessible in a variety of share classes in different currencies, depending on client requirements.

As of September 19, the PIMCO GIS US Investment Grade Corporate Bond Fund is registered in Austria, Denmark, France, Germany, Holland, Ireland, Italy (institutional share class only), Luxembourg, Norway, Spain, Sweden, and the UK.

 

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