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Rating:Pimco's Extra Freedom Fails to Impress Morningstar Not Rated 2.0 Email Routing List Email & Route  Print Print
Friday, September 09, 2011

Pimco's Extra Freedom Fails to Impress Morningstar

News summary by MFWire's editors

Fundsters intererested in Allianz's move this week handing international distributions of Pimco's mutual fund over to Pimco [see MFWire.com, 9/6/2011] may want to read yesterday's "Fund Times" column. Morningstar highlights the move, noting that Pimco's equity funds in Europe "have grown almost a hundredfold" since Pimco launched them in the spring of last year.

"The move is driven more by business than investor interests," Morningstar writes. 

Edited by: Neil Anderson, Managing Editor

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