Launch of credit absolute return fund from PIMCO

The PIMCO GIS Credit Absolute Return Fund is focused on absolute return and not constrained by a benchmark. The fund is managed by Mark Kiesel, managing director and global head of corporate bond portfolio management. Kiesel aims to seek out long-term, strategic investments as well as shorter-term tactical opportunities in an effort to provide positive returns in any market environment. The fund is designed to enable investors to diversify their fixed income allocation without being tied to risks PIMCO believes can be embedded in a benchmark. Drawing on PIMCO's global credit expertise, p...