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Pimco launches emerging markets and infrastructure bond fund

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Investment solutions provider Pimco has launched the Pimco Emerging Markets and Infrastructure Bond Fund.

The underlying strategy, which is also available on a separate account basis, seeks to capitalise on the expected sharp increase in spending by developing nations on energy, transportation, water and waste treatment, telecommunications, public housing and development banks.

Emerging market governments around the world are targeting infrastructure investments as critical foundations for future growth, with over USD1trn of projects committed to or underway.

Bonds that finance these projects typically offer attractive yields, often with lower volatility than seen in some other credit opportunities.

Additionally, the high priority governments are giving to infrastructure may help to mitigate the credit risk of such investments, which in turn may limit correlations with emerging equity markets.

Brigitte Posch, executive vice president and portfolio manager of the fund, says: “As emerging markets are capturing a bigger slice of global growth thanks to their ongoing economic development and improving creditworthiness, we believe that national infrastructure is a strategically important area of opportunity in the sector.

"The Emerging Markets and Infrastructure Bond Fund is structured as a truly global offering designed to provide investors access to this sector as the emerging markets become an increasingly important part of their broader asset allocation strategy.”

The fund will be added to Pimco’s Ucits III Global Investor Series fund range. This Dublin-registered complex now comprises 35 sub-funds with GBP19.9bn (EUR21.8bn) under management. With daily liquidity, investors can gain exposure to a broad range of asset classes, from the more traditional global and regional core fixed income funds to asset allocation and alternative solutions. The funds are accessible in a variety of share classes in different currencies, depending on client requirements.

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