SMSF Awards 2016: Fixed income winner

The success of PIMCO’s fixed income investment opportunities has come from staying true-to-label in relation to what clients expect and delivering to these expectations consistently over time. This cannot be achieved without a united methodology across the business, according to the manager.

“Effectively managing global fixed interest mandates requires a truly team approach, which is guided by PIMCO’s time-tested investment process: our rigorously developed macro outlook, our bottom-up credit analysis and our robust risk management,” PIMCO Australia and New Zealand head and executive vice president Adrian Stewart says.

“This ensures that the best insights and investment ideas from each of our dedicated regional and sectors specialty desks are transferred into the everyday management of portfolios.

“This team approach has always been a stalwart of the PIMCO way to managing global fixed interest and it’s an approach that we believe we have done very well.”

Stewart says education specifically in the SMSF market has been a key focus for PIMCO.

“We have strived to ensure that the benefits of defensive assets are clearly articulated and understood,” he says.

“This has been increasingly important in light of continued uncertainty and volatility present in markets.

“PIMCO’s offering to the broader global wealth industry has focused predominantly around core fixed interest offerings, including global bond and Australian bond portfolios that form part of many clients’ defensive allocations. However, we are also increasingly having conversations on niche and alternative sources of return to help clients meet long-term income objectives.”

Investing in Australian fixed interest today requires a global perspective to effectively cover the opportunity set, he notes.

“Our investment approach at PIMCO is one that embraces a unique mix of dedicated local expertise and a global coverage approach,” he explains.

“Globally, as an example, we have a world-class team of 55-plus credit analysts – sector specialists with wide-ranging expertise who independently rate more than 11,000 securities – located around the world to pinpoint individual opportunities. Being part of a global network allows us to really tap into global expertise.”

While performance is key, the consistency of being able to deliver this performance for clients across market cycles is something that has been difficult for many fund managers in the industry, and this consistency is an attribute PIMCO clients have really appreciated, he continues.

“We are very pleased with this consecutive win. It’s a great honour for us to be the recipient of this particular award as we see it as recognition for our commitment to clients,” he says.

“This recognition speaks to our singular focus on delivering for our clients, our time-tested investment process and our best-in-class talent.

“We are very much committed to the Australian marketplace and we look forward to continuing to partner with our Australian and New Zealand clients and investors.”

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