Research house Zenith Investment Partners has upgraded the ratings of three Pimco funds from 'recommended' to 'highly recommended'.
In a statement, Pimco said its Global Bond Fund, Global Credit Fund and Diversified Fixed Interest Fund have received a 'highly recommended' rating from the research house.
The rating upgrades follow the two upgrades Pimco received in July 2015 from 'recommended' to 'highly recomended' for its Australian Bond Fund and Australian Focus Fund.
Commenting on the ratings, Adrian Stewart, the head of Pimco Australia and New Zealand, said: "They are a strong endorsement of the quality of our offering and our capability in helping investors meet their long-term investment goals."
He added: “With volatility likely to remain high, an allocation to fixed income strategies that seek out opportunities for attractive income with significantly lower volatility than equities can be helpful for investors constructing a truly diversified portfolio. We see clients using our strategies in portfolios for specific."
Comments powered by CComment
The super fund says it is in favour of a superannuation advice network involving non-relevant providers with a minimum ...
Minister Jones has more pressing priorities to address before turning his attention to the ASIC levy, he confirmed at an ...
AMP is planning to launch its digital advice tool next year.
Speaking at the ASFA Conference in Adelaide, Matt ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin