PIMCO rolls out US IG corporate bond fund

Added 15th September 2016

PIMCO has launched the PIMCO Global Investor Series US Investment Grade Corporate Bond Fund.

PIMCO rolls out US IG corporate bond fund

The UCITS compliant Dublin registered offering is managed by a team led by Mark Kiesel, managing director and chief investment officer global credit.

PIMCO said the fund is designed for investors seeking ‘a high-quality fixed income alternative to government bonds or domestic corporate bonds, with the potential for higher yields and enhanced portfolio diversification.’

As of September 15, the PIMCO GIS US Investment Grade Corporate Bond Fund is registered in the UK and Ireland. It will be registered in other European markets in the coming days.

This Dublin-registered range the new fund sits in now comprises 55 sub-funds with $98.5 billion under management as of 31st August 2016.

Kiesel said: “With yields on European government and corporate bonds at historic lows, and in some cases negative, the U.S. corporate bond market continues to be one of the main areas offering much needed yield.”

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Alex Sebastian

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Alex joined Portfolio Adviser in April 2014 and has been a financial journalist since 2008. He has previously held editorial positions at the Financial Times Group and Euromoney Institutional Investor. Alex is NCTJ qualified and has a degree in economics from the University of Sussex.

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