PIMCO Launches PIMCO GIS StocksPLUS Absolute Return Fund

PIMCO Launches PIMCO GIS StocksPLUS Absolute Return Fund

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PIMCO, a leading global investment management firm, has launched the PIMCO GIS StocksPLUS Absolute Return Fund. It aims to deliver consistent excess returns and diversification by combining passive exposure to the S&P 500 index with a complementary, actively-managed bond alpha strategy. The fund’s bond alpha strategy is designed to outperform over a very broad range of overall bond market environments.

The fund replicates S&P 500 performance using equity index futures or total return swaps, and intends to deliver outperformance through a global, high-quality bond alpha strategy. Fixed income represents a large and historically reliable opportunity set from which to extract potential alpha, offering the potential for more consistent outperformance.  PIMCO has been successfully managing a similar strategy in the US since 2002. The fund is managed by Managing Director Mohsen Fahmi, member of PIMCO’s Investment Committee, and Executive Vice Presidents Jing Yang and Bryan Tsu.

Commenting on the fund launch, Mohsen Fahmi said: “PIMCO’s StocksPLUS funds give equity investors access to a proven approach to equity investing that harnesses PIMCO’s expertise in active fixed income management.” Ryan Blute, PIMCO Managing Director and Head of Global Wealth Management EMEA, added: “As investors continue to face increasing hurdles when looking to achieve consistent outperformance in their equity allocations, PIMCO’s StocksPLUS strategies may serve as an attractive solution.”

PIMCO GIS StocksPLUS Absolute Return Fund is the latest addition to PIMCO’s suite of StocksPLUS funds. The firm launched its first StocksPLUS strategy in 1986 with the goal of providing consistent outperformance and modest tracking error relative to the S&P 500. Today, PIMCO manages more than $30 billion in assets across its global range of StocksPLUS strategies.

PIMCO GIS StocksPLUS Absolute Return 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 60 sub-funds with $158.6 billion 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.