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PIMCO launches PIMCO Dividend and Income Builder Fund and PIMCO EqS Dividend Fund

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PIMCO has launched the PIMCO Dividend and Income Builder Fund and the PIMCO EqS Dividend Fund, two new actively managed funds that are part of the firm’s global equities platform. Both funds are sub-funds of PIMCO Funds: Global Investors Series plc (GIS).

The funds combine active management led by two seasoned equity investors with PIMCO’s global macroeconomic views to seek attractive and growing income as well as long-term capital appreciation. The PIMCO EqS Dividend Fund is intended for investors who want an equity-focused fund, while the PIMCO Dividend and Income Builder Fund supplements global equity investments with select fixed income positions. Both funds have a flexible mandate that provides the opportunity to invest in the most attractive opportunities for both income and capital appreciation, unconstrained by geography, sector or issuer size.
 
“These two funds continue PIMCO’s measured and deliberate build out of our active equities platform and aim to provide investors with solutions for creating steady and attractive income and capital appreciation,” says Neel Kashkari, a Managing Director and Head of Global Equities, based in PIMCO’s Newport Beach office. “We believe a strategy focused on global dividend-paying stocks is compelling in any market environment.”
 
The funds will be managed by Brad Kinkelaar and Cliff Remily, both Executive Vice Presidents and Portfolio Managers based in PIMCO’s Newport Beach office, who between them have 25 years of investment experience with a demonstrated history of security selection and portfolio management with expertise in dividend paying stocks. Fixed income positions in the Dividend and income Builder fund will be managed by Eve Tournier, Executive Vice President and Portfolio Manager.
 
“We believe a global focus provides the best potential for dividend investors as many attractive dividend-paying companies are often found outside the US and can provide investors with a broader range of income options than a US-only portfolio,” says Kinkelaar.” A key aspect of these strategies is that they are core solutions for gaining global equity exposure and growing income with defensive performance characteristics – participating in the upside while protecting on the downside.”
 
Remily says: “Generating income is a common objective of many of PIMCO’s clients and other investors, and that will become more important as populations around the world age and spend more time in retirement. In addition, a strategy focused on dividend-paying stocks purchased at attractive valuations can offer capital appreciation and a compelling total return with less volatility for equity investors.”

The funds have been added to PIMCO’s UCITS compliant Global Investor Series (GIS) fund range. This Dublin-registered range now comprises 46 sub-funds with GBP55 billion (EUR65 billion, USD84 billion) under management as of 30 December, 2011. 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 asset allocation and alternative solutions. The funds are accessible in a variety of share classes in different currencies, depending on client requirements.
 
Both funds will be available in various share classes for institutional and retail investors.

 

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