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Pacific Investment Management Company LLC
TEL: 949-720-6000FAX: 949-720-1376
Shareholder Services TEL: 800-927-4648 6AM - 4PM PST
TEL: +1 737-990-3000
Gurtin Municipal Bond Management, a PIMCO Company
TEL: (858) 436-2200FAX: (858) 436-2201
PIMCO Asia Limited
PIMCO Europe Ltd
TEL: +44 (0) 20 3640 1000 FAX: +44 (0) 20 3640 1007
Shareholder servicesTEL: +44 (0) 20 3640 14079AM to 5PM
Registered in UK and Wales, Company No. 2604517LEI: 549300GHCCJWKY72R127
PIMCO Europe Ltd - ItalySede legale
TEL: +39 02 9475 5400FAX: +39 02 9475 5402
Iscritta al Registro delle Imprese in Italia al n. 07533910969LEI: 549300GHCCJWKY72R127
PIMCO Europe GmbH
TEL: +49 89 26209 6000FAX: +49 89 26209 6005
Registriert in Deutschland, Firmennr. 192083Eingetragener Firmensitz LEI: 549300KW6332H0XL8X85
TEL: +1 212-776-1500FAX: +1 212-776-1520
TEL: +55 (11) 3957-3300FAX: +55 (11) 3957-3320
PIMCO Asia Pte. Ltd
TEL: 65 6491-8000FAX: 65 6538-2700
Registration No. 199804652KLEI: 549300JX6BNKEHZFQE44
TEL: (858) 436-2200 FAX: (858) 436-2201
PIMCO Australia Pty. Ltd
TEL: 612-9279-1771 FAX: 612-9279-2580
ABN 54 084 280 508AFS Licence 246862 LEI: 549300RE60KX7TX1DZ43
PIMCO Japan Ltd.
TEL: 813-5777-8150 FAX: 813-5777-8151
PIMCO Canada Corp.
TEL: +1 416 368 3350 FAX: +1 416 368 3576
TEL: +41 44 512 49 10
Registered in Switzerland, Company No. CH-020.4.038.582-2LEI: 549300GHCCJWKY72R127
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The Euro Bond Strategy focuses on both coupon yield and capital appreciation. Many bond portfolios focus solely on yield, but bonds also provide capital gains. The return calculation that takes into account both interest income and capital gains is known as “Total Return.” PIMCO’s Euro Bond Strategy is a total return strategy that seeks to maximize price appreciation and current income while maintaining index-like volatility. While the majority of portfolio assets will normally be invested in euro-denominated securities, there will also be allocations to global securities, which are normally currency hedged back to euros. We utilize all major sectors of the bond markets to implement a diversified set of strategies including country, currency and sector rotation, yield curve positioning and duration management.
Past performance is not a guarantee or a reliable indicator of future results. The value of shares can go up as well as down. The strategy may invest a portion of its assets in non-Euro securities, which can entail greater risks due to non-Euro economic and political developments. This risk may be enhanced when investing in Emerging Markets. Investment in a strategy that invests in high-yield, lower-rated securities, will generally involve greater volatility and risk to principal than investments in higher-rated securities. This strategy may use derivative instruments for hedging purposes or as part of its investment strategy. Use of these instruments may involve certain costs and risks. Portfolios investing in derivatives could lose more than the principal amount invested.