PIMCO launches listed investment trust

PIMCO/investment-trust/adrian-stewart/launch/

13 November 2019
| By Oksana Patron |
image
image image
expand image

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.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 13 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3