Pimco registers Mortgage Opportunities Fund in Switzerland

clock
Pimco registers Mortgage Opportunities Fund in Switzerland

Fixed Income investor Pimco has now registerd its Pimco GIS Mortgage Opportunities fund, which launched in January 2017, for distribution in Switzerland.

The fund aims to offer investors access to absolute-return oriented investments in mortgage backed securities.

The USD838m (€700m) vehicle is managed by Daniel Hyman, Alfred Murata and Josh Anderson and uses the 3 Month USD LIBOR Index as its primary benchmark.

By the end of August, it has delivered an annualised distribution yield of 2.64% and a current yield of 4.80% at a unified management fee of 1.19% per annum.