PIMCO Canada has launched the PIMCO Global Short Maturity Fund (Canada), which is designed to offer higher income potential than traditional cash investments.
The fund will be managed by Jerome Schneider, Managing Director and Head of Short-Term Portfolio Management, Andrew Wittkop, Executive Vice President and Portfolio Manager, and Nathan Chiaverini, Senior Vice President and Portfolio Manager. Schneider manages the PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (MINT) in the US using a similar strategy.
An actively managed enhanced cash strategy that seeks to dynamically manage risk and liquidity, the PIMCO Global Short Maturity Fund (Canada) focuses on ultra-short, high quality fixed income securities, offering higher income potential than traditional cash investments, with modest additional risk. The fund may use the same sector and general guideline positioning as the established US fund.
“We are delighted to offer clients the exceptional capabilities of our award winning short-term team led by Jerome Schneider,” says Stuart Graham, Managing Director and Head of PIMCO Canada.