PIMCO today launched the Global Advantage Strategy Bond Fund, investing in a wide range of fixed-income strategies to take advantage of opportunities in the rapidly changing global economy, according to a PIMCO news release.
Mohamed El-Erian, PIMCOs CEO and co-CIO, and Ramin Toloui, executive vice president, will be the funds portfolio managers.
PIMCOs recently created PIMCO Global Advantage Bond index, a GDP-weighted index, and Barclays Capital U.S. Aggregate index will be benchmarks for the actively managed fund.
PIMCO said in a statement that changing dynamics between governments and markets, developed and developing countries, and domestic and foreign investors among other changes will present attractive investment opportunities.