Pimco has made its income fund available to Australian investors after getting top marks from two research houses.
The Pimco Income Fund pursues investment opportunities across sectors globally and has the flexibility to manage duration and invest in areas that help manage interest rate risk, Pimco said in a statement.
The fund sets specific limits on below investment-grade corporate securities and securities economically linked to emerging markets, it said.
It received an introductory 'Recommended' rating from ratings houses Lonsec and Zenith, and is available through the ASX mFund service, a statement said.
Pimco's group chief investment officer Dan Ivascyn and managing director Alfred Murata have been appointed managers of the fund.
"Investors increasingly want income while preserving capital and this strategy combines diversified sources of income with rigorous risk management backed by Pimco's research and analytical expertise across sectors globally," Mr Ivascyn said.
Head of Pimco Australia and New Zealand Adrian Stewart added that clients are seeking attractive income and capital appreciation in a world where yield is hard to come by.
"This fund takes a prudent approach to pursuing a relatively high and sustainable monthly income stream with limited volatility, and is an attractive addition to our existing range of solutions, particularly those planning for retirement," he said.
According to the newest members of the FSC board, advice networks having a “seat at the table” is a positive development ...
ASIC has announced a permanent ban on a financial adviser based in NSW. The corporate regulator said on Friday it has ...
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin