Pimco targets Canadian investors with pair of newly launched funds

By Wendy Van Sickle

Columbus, Ohio, Oct. 19 – Pimco launched the Pimco Balanced Income Fund (Canada) and the Pimco Investment Grade Credit Fund (Canada), which are designed to offer income opportunities for investors looking for higher returns in a low interest rate environment, according to a Monday press release.

The balanced income fund aims to participate in income opportunities in the global equity and fixed income markets while dampening volatility found in many traditional balanced and equity strategies.

The investment grade credit fund will invest primarily in high-quality corporate bonds. The goal is “to enhance returns through active management and the flexibility of investing in some non-corporate debt and high-yield exposure to companies that appear to be improving their creditworthiness,” according to the release.

The balanced income fund will be managed by Alfred Murata, managing director and portfolio manager; Daniel Ivascyn, managing director and group chief investment officer; Brad Kinkelaar, executive vice president and portfolio manager; and Adam Muller, senior vice president and portfolio manager.

The investment grade fund will be managed by Mark Kiesel, chief investment officer of global credit.

The global investment management firm is based in Newport Beach, Calif.

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