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