Deutsche Bank brings Pimco multi-asset strategy to Spain
Deutsche Bank has signed an agreement with global fixed income specialist Pimco to distribute one of its multi-asset funds in Spain.
PIMCO Multi Asset Strategy is aimed for investors with a moderate risk tolerance and seeks to help them achieve their investment objectives in the current environment of low interest rates and increased volatility in the market.
With an investment horizon of seven years, the fund seeks to maximise total return in line with capital preservation while aims at achieving a 2.5% annual dividend.
The Fund, managed by Geraldine Sundstrom, Pimco's managing director and portfolio manager in the London office, focusing on asset allocation strategies, gives investors access to PIMCO Dynamic Multi Asset fund. This is a multi-asset strategy investing in different type of asset classes globally including equities, credit, bonds, real estate, and currencies.
PIMCO Dynamic Multi Asset Fund is also managed by Sundstrom. The Fund's investment objective is to seek to maximise total return, consistent with preservation of capital and prudent investment management.
PIMCO Multi Asset Strategy will be exclusively available to Spanish investors through Deutsche Bank offices.
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