PIMCO offers new liquid funds to Canadian investors

The PIMCO Balanced Income Fund and PIMCO Investment Grade Credit Fund are designed to enhance fixed-income returns in a low interest rate environment.

 PIMCO has launched two new funds for Canadian investors, PIMCO Balanced Income Fund (Canada) and the PIMCO Investment Grade Credit Fund (Canada), which are designed to offer enhanced yield to investors in a low interest rate environment.

The balanced income fund will be managed by portfolio managers Alfred Murata, Brad Kinkelaar and Adam Muller, as well as group chief investment officer Daniel Ivascyn. The PIMCO Investment Grade Fund (Canada) will be managed by Mark Kiesel, PIMCO’s chief investment officer for global credit.

The balanced income fund aims will target opportunities in the global equity and fixed-income markets while aiming to reduce volatility. The managers have the flexibility to access a broad range of securities across the capital structure incorporating the firm's macroeconomic views.

The investment grade credit fund will invest primarily in high-quality corporate bonds. The fund seeks to boost returns through active management and taking a flexible approach to investing in some non-corporate debt and high-yield securities issued by companies that show signs of improving their credit worthiness.

PIMCO is a global investment management firm, with offices in 12 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of public and private fixed-income strategies, alternatives and equity. The firm has $1.52 trillion in assets under management.