Pimco launches new Dividend and Income Builder, EqS Dividend funds

By Tali David

Minneapolis, Jan. 10 - Pimco 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, according to a press release.

The funds seek attractive and growing income as well as long-term capital appreciation, according to the release.

The EqS Dividend fund is intended for investors who want an equity-focused fund, while the 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 attractive opportunities for both income and capital appreciation, unconstrained by geography, sector or issuer size, the company said.

Brad Kinkelaar and Cliff Remily will manage the funds. Between the two executive vice presidents and portfolio managers, there are 25 years of investment experience.

Eve Tournier, an executive vice president, will manage fixed income positions in the Dividend and Income Builder fund.

Pimco is an investment management firm based in Newport Beach, Calif.

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