PIMCO has launched a credit fund aimed at investors concerned about rising interest rates.
The PIMCO Global Investor Series (GIS) Diversified Income Duration Hedged fund, managed by executive vice president Eve Tournier, invests across a range of fixed income sectors, including high yield, investment grade, EMD, asset-backed securities and municipal bonds. The manager will try to minimise interest rate risk by focusing on floating and variable rate securities, short duration bonds and derivatives. Tournier also runs the group’s Diversified Income fund, which launched in 2005. The new fund will have a similar investment process in terms of its sector allocation and cred...
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