PIMCO has announced the launch of its first closed-end listed investment trust to the Australian market which will provide investors with access to multi-sector investment opportunities around the world.
The firm said that the listed structure would enable to target less-liquid debt opportunities which were not typically available in daily-priced investment structures.
The new trust would be managed by senior portfolio managers Dan Ivascyn, chief investment officer, Rob Mead, managing director and co-head of Asia-Pacific portfolio management and Alfred Murata, managing director and portfolio manager.
“For over 20 years, PIMCO has been growing its footprint in the Australian market, delivering a range of investment solutions to institutional and retail investors through managed funds and separate accounts,” head of PIMCO Australia, Adrian Stewart said.
“The launch of our first listed vehicle will allow an even broader range of investors to access PIMCO’s significant expertise and competitive advantage in this space.
“We believe in the value of financial advice and we think it is prudent that investors seek advice to understand the role that any investment strategy can play in their broader portfolios.”