PIMCO, one of the world’s specialist fixed income investment managers, has launched the PIMCO GIS ESG Income Fund, which targets investments with strong Environmental, Social and Governance (ESG) credentials, while aiming to maintain a high and consistent level of dividend income for investors.
The fund will be managed by a team of senior portfolio managers averaging more than 20 years of investment experience: Joshua Anderson, Managing Director; Jing Yang, Executive Vice President; Jelle Brons, Executive Vice President; Dan Ivascyn, PIMCO Group Chief Investment Officer and Managing Director; and Alfred Murata, Managing Director.
The PIMCO GIS ESG Income Fund is the newest addition to PIMCO’s GIS Income Suite and ESG Fund offerings. PIMCO’s GIS Income Suite includes the GIS Income Fund and the GIS Low Duration Income Fund. PIMCO’s GIS ESG Fund offerings include the GIS Global Bond ESG Fund, the GIS Emerging Markets Bond ESG Fund, and the GIS Climate Bond Fund, among others. Like other products in the Income Suite, the PIMCO GIS ESG Income Fund pursues a global, multi-sector and flexible approach, but is uniquely dedicated to ESG-related investments for those who want to pursue income from more sustainable sources.
“In a lower-for-longer investment environment, PIMCO is well positioned as an active manager to find compelling opportunities in a rapidly evolving investment landscape that includes greater demand for strategies targeting sustainable investments,” says Ivascyn. “The addition of the PIMCO GIS ESG Income Fund brings PIMCO’s leadership in income investing to clients who want a unique, dedicated ESG strategy.”
PIMCO has been investing in socially responsible investments since 1989 and launched its first ESG-dedicated funds in 2017. PIMCO’s sustainable assets under management have grown to USD617 billion, as of 31 March, 2021.