Bringing you live news and features since 2006 

Mark Kiesel, a managing director, PIMCO Newport Beach, California.

PIMCO launches PIMCO Credit Absolute Return Fund

RELATED TOPICS​

PIMCO has launched the PIMCO Credit Absolute Return Fund for investors seeking a global, diversified strategy that is focused on absolute return and not constrained by a benchmark.

 

The Credit Absolute Return Fund, which has a "go-anywhere" investment style and can employ a wide range of investments, is managed by Mark Kiesel (pictured), a managing director in Newport Beach, California.

The fund seeks out long-term, strategic investments as well as shorter-term tactical opportunities in an effort to provide positive returns in any market environment. It is designed to enable investors to diversify their fixed income allocation without being tied to risks that PIMCO believes can be embedded in a benchmark. The Credit Absolute Return Fund will draw on PIMCO’s global credit expertise, proven investment process, research and risk management techniques to provide an absolute return strategy for investors looking for diversification from traditional long-only funds.

"PIMCO’s investment process guides our macroeconomic view and helps enable us to identify risk factors across all fixed income markets," Kiesel says. "We couple this top-down view with a vigorous bottom-up analysis to seek the best long and short credit positions in every part of the fixed income market, from investment grade credit, high yield, emerging market credit and bank loans to convertible and municipal securities.

"This strategy can pivot in order to help achieve the absolute return objective. For example, the strategy can take on greater exposure to credit when spreads are attractive and, conversely, reduce overall exposure when necessary and instead focus on relative value between credit sectors."

Institutional shares of the PIMCO Credit Absolute Return Fund will trade under the ticker symbol PCARX. Additional tickers include "P" shares (PPCRX), "A" shares (PZCRX), "C" shares (PCCRX), "R" shares (PRCRX) and "D" shares (PDCRX).

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by