SOLID INVESTMENT FOUNDATION
An intermediate-term portfolio of investment grade bonds offers an attractive risk/reward balance, making it a sensible core fixed-income investment. This is particularly true in the case of the PIMCO Total Return managed account portfolio, which has the flexibility to invest across fixed income sectors.
LEADING BOND EXPERTS
Under the direction of its renowned co-founder and co-CIO Bill Gross-Pacific Investment Management Company (PIMCO) has become one of the largest and most respected bond managers in the country, with a client list that includes many of the largest corporations in the United States.
TOTAL RETURN PHILOSOPHY
PIMCO differentiates itself from many managers by taking a total return approach to bond management. Rather than seek only income, PIMCO pursues maximum total return-income plus capital appreciation. Mr. Gross pioneered this philosophy over 30 years ago, and it has been critical to the firm’s long-term performance record.
LONG-TERM PERSPECTIVE
PIMCO is committed to active management within a long-term framework.
- Annual secular forum-Meet along with leading outside experts to develop a 3-5 year outlook for the global economy, inflation and interest rates.
- Quarterly cyclical forum-Apply long-term outlook to the upcoming 3-12 months and adjust to forecast specific influencing factors, including interest rate volatility and yield curve movement.
- Portfolio guidelines-Use the fine-tuned outlook to make portfolio-specific decisions, including duration, yield curve position, sector weightings and credit quality.
- Security selection-Employ proprietary analytical computer technology and modeling to select securities.
VALUE-ADDING STRATEGIES
Rather than make big bets on interest rates or maturity, PIMCO uses a variety of value-adding strategies to increase the opportunity for total return potential and reduce portfolio risk. Using this range of strategies lessens the portfolio's dependence on any one strategy for success.
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