PIMCO has launched the PIMCO GIS StocksPLUS Absolute Return Fund which aims to deliver consistent excess returns and diversification by combining passive exposure to the S&P 500 index with a complementary, actively-managed bond alpha strategy.
The fund’s bond alpha strategy is designed to outperform over a very broad range of overall bond market environments.
The fund replicates S&P 500 performance using equity index futures or total return swaps, and intends to deliver outperformance through a global, high-quality bond alpha strategy. Fixed income represents a large and historically reliable opportunity set from which to extract potential alpha, offering the potential for more consistent outperformance. PIMCO has been successfully managing a similar strategy in the US since 2002. The fund is managed by Managing Director Mohsen Fahmi (pictured), member of PIMCO’s Investment Committee, and Executive Vice Presidents Jing Yang and Bryan Tsu.
Fahmi says: “PIMCO’s StocksPLUS funds give equity investors access to a proven approach to equity investing that harnesses PIMCO’s expertise in active fixed income management.”
Ryan Blute, PIMCO Managing Director and Head of Global Wealth Management EMEA, adds: “As investors continue to face increasing hurdles when looking to achieve consistent outperformance in their equity allocations, PIMCO’s StocksPLUS strategies may serve as an attractive solution.”
PIMCO GIS StocksPLUS Absolute Return Fund is the latest addition to PIMCO’s suite of StocksPLUS funds. The firm launched its first StocksPLUS strategy in 1986 with the goal of providing consistent outperformance and modest tracking error relative to the S&P 500. Today, PIMCO manages more than USD30 billion in assets across its global range of StocksPLUS strategies.
PIMCO GIS StocksPLUS Absolute Return Fund is accessible in a variety of share classes in different currencies, depending on client requirements.
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