MutualFundWire.com: Pimco Rolls Out a Fixed Income and Currency Fund
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Thursday, February 5, 2009

Pimco Rolls Out a Fixed Income and Currency Fund


Pimco today will unveil its Global Advantage fund, which will invest in currencies and fixed-income securities, Reuters reports. The fund will be benchmarked against the Pimco Global Advantage Bond Index.

The driver behind the launch, Pimco CEO Mohamed El-Erian told Reuters, "is the 'recognition that investors require an expanded tool kit to navigate these rapid changes in the global economy.'"


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