Pimco has launched the GIS Emerging Markets Opportunity fund. The strategy applies a flexible approach to invest in a wide range of fixed income securities issued by companies or governments economically tied to emerging market countries.
It aims to provide diversification benefits, while reducing volatility and providing investors with a more stable stream of returns over a full market cycle compared to traditional emerging markets beta strategies. The fund is managed by Pramol Dhawan, managing director and head of the Emerging Markets Portfolio Management team.
Designed to access opportunities across different emerging market segments, the fund may invest in hard or local currency debt, investment grade and non-investment grade securities as well as emerging markets currencies.
Pimco GIS Emerging Markets Opportunity fund is accessible in a variety of share classes in different currencies, depending on client requirements. Pimco's Ucits-compliant Global Investor Series (GIS) fund range comprises 61 sub-funds with $158.6bn under management as of 31 March 2019.
With daily liquidity, investors can gain exposure to a broad range of asset classes, from the more traditional global and regional core fixed income funds, through credit portfolios, to expanding equity, asset allocation and alternative solutions.