MutualFundWire.com: Pimco Woos the Retail Crowd in Canada
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Tuesday, January 11, 2011
Pimco Woos the Retail Crowd in Canada
Pimco is making a foray into the Canadian retail market with the launch of eight Canadian-registered mutual funds.
The new funds include Pimco Canadian Short Term Bond; Pimco Canadian Total Return Bond Fund; Pimco Canadian Long Term Bond Fund; Pimco Canadian Real Return Bond Fund; Pimco Monthly Income Fund; Pimco Global Advantage Strategy Bond Fund (Canada); Pimco Global Balanced Fund (Canada); and Pimco EqS Pathfinder Fund (Canada).
"We continue to expand the range of PIMCO's investment management expertise available to Canadian investors and advisors," said Ed Devlin, executive vice president and head of Canadian portfolio management, in a press release.
Dow Jones' Evelyn Juan notes that for more than five years, Pimco had been focusing exclusively on insitutional investors in Canada.
The Financial Post also picked up on Pimco's retail foray.
PIMCO, a leading global investment management firm, is launching eight Canadian-registered mutual funds, drawing on its global expertise and portfolio management teams to offer a broad range of investment solutions across asset classes to help financial advisors in Canada and their clients meet their investment goals.
The new funds offer solutions including short- and long-term fixed income, real and absolute return, monthly income and global equities -- all anchored by PIMCO's proven investment process that focuses on delivering risk adjusted returns. These funds build on PIMCO's decade of providing fixed-income solutions for Canadian institutions.
"We continue to expand the range of PIMCO's investment management expertise available to Canadian investors and advisors," said Ed Devlin, executive vice president and head of Canadian portfolio management. "The funds we are launching offer Canadian investors an innovative suite of investment solutions that combine PIMCO's unique global investment philosophy with our years of experience and knowledge of the Canadian market."
The eight funds PIMCO is launching include:
PIMCO Canadian Short Term Bond: an actively managed diversified portfolio of short and intermediate Canadian fixed-income securities that offers potential for higher returns relative to the DEX Short Term Bond Index. (Class A - Front End: PMO001)
PIMCO Canadian Total Return Bond Fund: an actively managed diversified portfolio of high quality Canadian fixed-income securities that offers the potential for higher returns relative to the DEX Universe Bond Index. (Class A - Front End: PMO002)
PIMCO Canadian Long Term Bond Fund: an actively managed diversified portfolio of high quality Canadian fixed-income instruments of longer term maturities that offer potential for higher returns relative to the DEX Long Term Bond Index. (Class A - Front End: PMO003)
PIMCO Canadian Real Return Bond Fund: an actively managed diversified portfolio of Canadian real return bonds that aims to preserve investors' purchasing power. (Class A - Front End: PMO004)
PIMCO Monthly Income Fund (Canada): an actively managed diversified portfolio of non-Canadian fixed-income instruments of varying maturities that seeks to maximize current income while maintaining a relatively low risk profile. (Class A - Front End: PMO005)
PIMCO Global Advantage(TM) Strategy Bond Fund (Canada): an actively managed portfolio of fixed-income securities from both developed and developing markets, benchmarked to the proprietary GDP-weighted PIMCO Global Advantage Bond Index (GLADI(TM)). (Class A - Front End: PMO006)
PIMCO Global Balanced Fund (Canada): a "fund of funds" that seeks a balanced approach blending global equity and fixed income by investing in the PIMCO Global Advantage Strategy Bond Fund (Canada) and the PIMCO EqS Pathfinder Fund(TM) (Canada). (Class A - Front End: PMO007)
PIMCO EqS Pathfinder Fund(TM) (Canada): a diversified portfolio of global equity securities that is actively managed using a deep value investment philosophy and process. (Class A - Front End: PMO008)
About PIMCO PIMCO is a leading global investment management firm, with offices in 10 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline.
No offering is being made by this material. Interested investors should obtain a copy of the prospectus, which is available from your PIMCO representative.
Management fees and expenses all may be associated with fund investments. The Funds' fees are discussed within the prospectus and please read the prospectus before investing. Funds are not guaranteed, their values change frequently and past performance may not be repeated.
All investments carry risk, including but not limited to: Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, and inflation risk. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested.
This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Copyright2010, PIMCO.
PIMCO Canada will retain PIMCO LLC as a subadvisor. PIMCO Canada Corp., 120 Adelaide Street West, Suite 1901, Toronto, Ontario, Canada M5H 1T1, 416-368-3350.
Contact: Michael Reid PIMCO - Media Relations 212-739-3253
SOURCE: PIMCO
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