Launches & Closures

PIMCO unveils credit strategy


US-based fixed-income investment firm PIMCO has launched a UCITS credit strategy for investors seeking a global, diversified exposure to credit that is focused on absolute return and not constrained by a benchmark.

The PIMCO GIS Credit Absolute Return Fund is managed by Mark Kiesel, a managing director and global head of corporate bond portfolio management.

Mark Kiesel from PIMCO

The fund seeks out long-term, strategic investments as well as shorter-term tactical opportunities in an effort to provide positive returns in any market environment, according to a statement from PIMCO.

It is designed to enable investors to