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Rating:M* : Pimco Fund Volatile But Forward-Thinking Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 13, 2013

M* : Pimco Fund Volatile But Forward-Thinking

News summary by MFWire's editors

Karin Anderson, Morningstar mutual fund analyst, covered bronze-rated Pimco's [profile] Global Advantage Strategy Bond, which uses country gross domestic product rankings as the foundation for a custom benchmark instead of a traditional market cap approach.

Anderson writes that fund has an "attractive level of diversification" and its PMs exercised some caution by underweighting exposure to longer-dated maturities and lessening exposure to the emerging markets stake. Nonetheless, emerging markets were hit hard during the bond selloff and the fund's 5 percent loss was worse than 70 percent of its peers, Anderson points out.

It is a better fund for investors who can handle volatility, Anderson writes. Pimco's risk taking has been rewarded, giving it a "leg up" on the competition during the first four months of 2013, with the fund gaining 1 percent, or 77 bps greater than the world-bond-category norm, Anderson explains. Anderson writes that Pimco's fund also thinks ahead of the curve, analyzing credit components of indebted regions in before other bond managers.

To read more, click here.  

Edited by: Casey Quinlan

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