PIMCO introduces its first listed investment trust

PIMCO income LIT

The demand for income-generating investments has resulted in PIMCO planning for the releasing of a new listed investment trust in 2022.

Fixed income investment manager PIMCO will launch its first Australian listed investment trust (LIT) early next year to meet demand from Australian investors for income-generating products.

The LIT will be launched in March 2022 and draws on the local and global experience of PIMCO and will offer access to multi-sector public and private investment opportunities across the fixed income investment spectrum.

PIMCO stated the LIT structure chosen as it allows access to debt opportunities not typically available in unlisted investment structures.

The LIT will be managed by a team that includes three of its senior portfolio managers: group chief investment officer Dan Ivascyn, head of Australia and co-head of Asia-Pacific portfolio management Rob Mead and managing director and portfolio manager Alfred Murata.

Mead said PIMCO was pleased it could bring the new strategy to the local market at a time when relatively low yields have made it challenging for investors to source income in a risk-conscious manner.

Ivascyn added: “We see opportunities for income generation across global markets, but careful security selection and a flexible investment approach are key.

“PIMCO’s experience in managing listed investment structures and our deep presence in both public and private credit markets are advantages in sourcing unique investment opportunities.”

PIMCO has operated in Australia since 1997 and has managed listed funds globally for over 25 years as part of its 50-year history in managing money.

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