PIMCO unveils US investment grade corporate bond fund

Addition to Global Investor Series

PIMCO has launched the GIS US Investment Grade Corporate Bond fund for Mark Kiesel, managing director and chief investment officer of global credit.

The fund will provide a fixed income alternative to government bonds or domestic corporate bonds with an aim of producing higher yields through a more diversified portfolio. It will consist of high quality US-denominated corporate bonds and be accessible in a variety of share classes. How a 'not too hot, not too cold' backdrop will support corporate bonds  Kiesel (pictured) said: "With yields on European government and corporate bonds at historic lows, and in some cases negative, the US corporate bond market continues to be one of the main areas offering much needed yield." The ...