PIMCO unveils unconstrained MBS fund

Managed by Hyman, Murata and Anderson

PIMCO has launched the PIMCO GIS Mortgage Opportunities fund, offering investors exposure to mortgage-backed securities (MBS).

The UCITS-compliant vehicle will employ an absolute return style strategy investing in a broad range of mortgage-related securities.  It will be managed by Daniel Hyman (pictured), Alfred Murata and Josh Anderson, charging an ongoing charging fee (OCF) of 1.59%. How has the perception of mortgage-backed securities changed since 2008? Due to the unconstrained strategy employed, the fund can allocate across a variety of sub-sectors in the global MBS market, while managing exposure to risk factors including interest-rate risk and credit risk. Hyman said: "Given the historically low...