Press Statement PIMCO Launches PIMCO GIS StocksPLUS Absolute Return Fund The fund offers a time-tested approach to equity investing
London (14 May, 2019) - PIMCO, a leading global investment management firm, has launched the PIMCO GIS StocksPLUS Absolute Return Fund. It aims to deliver consistent excess returns and diversification by combining passive exposure to the S&P 500 index with a complementary, actively-managed bond alpha strategy. The fund’s bond alpha strategy is designed to outperform over a very broad range of overall bond market environments. The fund replicates S&P 500 performance using equity index futures or total return swaps, and intends to deliver outperformance through a global, high-quality bond alpha strategy. Fixed income represents a large and historically reliable opportunity set from which to extract potential alpha, offering the potential for more consistent outperformance. PIMCO has been successfully managing a similar strategy in the US since 2002. The fund is managed by Managing Director Mohsen Fahmi, member of PIMCO’s Investment Committee, and Executive Vice Presidents Jing Yang and Bryan Tsu. Commenting on the fund launch, Mohsen Fahmi said: “PIMCO’s StocksPLUS funds give equity investors access to a proven approach to equity investing that harnesses PIMCO’s expertise in active fixed income management.” Ryan Blute, PIMCO Managing Director and Head of Global Wealth Management EMEA, added: “As investors continue to face increasing hurdles when looking to achieve consistent outperformance in their equity allocations, PIMCO’s StocksPLUS strategies may serve as an attractive solution.” PIMCO GIS StocksPLUS Absolute Return Fund is the latest addition to PIMCO’s suite of StocksPLUS funds. The firm launched its first StocksPLUS strategy in 1986 with the goal of providing consistent outperformance and modest tracking error relative to the S&P 500. Today, PIMCO manages more than $30 billion in assets across its global range of StocksPLUS strategies. PIMCO GIS StocksPLUS Absolute Return Fund is accessible in a variety of share classes in different currencies, depending on client requirements. PIMCO’s UCITS compliant Global Investor Series (GIS) fund range comprises 60 sub-funds with $158.6 billion under management as of 31 March 2019. With daily liquidity, investors can gain exposure to a broad range of asset classes, from the more traditional global and regional core fixed income funds, through credit portfolios, to expanding equity, asset allocation and alternative solutions. About PIMCO PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,600+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.
Michael Reid Global Head of Corporate Communications – New York +1.212.597.1301 michael.reid@pimco.com Agnes Crane U.S. Corporate Communications – New York +1.212.597.1054 agnes.crane@pimco.com Joy Sheetz U.S. Corporate Communications – New York +1.646.870.2025 joy.sheetz@pimco.com Laura Batty U.S. Corporate Communications – Newport Beach +1.949.720.6209 laura.batty@pimco.com Lisa Papas U.S. Corporate Communications – Newport Beach +1.949.720.6751 lisa.papas@pimco.com Laura Thomas UK & EMEA Corporate Communications – London +44 203 640 1520 laura.thomas@uk.pimco.com Wendy Svirakova UK & EMEA Corporate Communications – London +44 203 640 1237 wendy.svirakova@pimco.com Li Anne Wong APAC Corporate Communications – Singapore +65 6491 8068 lianne.wong@pimco.com