Pimco unveils global multi-asset fund

The UCITS III vehicle launched on 15 April, invests in a range of assets classes including global bonds and equities plus funds, as well as indirect exposure to property and commodities. A trio of managers will use proprietary alpha strategies to exploit temporary mis-pricings and arbitrage chances. Pimco believes the strategy offers clients a comprehensive asset allocation solution which addresses the growing challenges to traditional asset allocation models, posed the turbulent global economy. Dr Mohamed El-Erian, chief executive and co-chief investment officer at Pimco, Dr Vineer B...