PIMCO Emerging Markets Bond InstlPEBIX

A manager change at PIMCO Emerging Markets Bond isn't cause for concern.

At the beginning of April 2009 this Fund Analyst Pick saw a change in management, although investors shouldn't see appreciable changes to the fund and how it's run. At that time Curtis Mewbourne, co-head of PIMCO's emerging-markets bond team replaced fellow co-head Michael Gomez as lead manager here.  Read more 

Unlike some of its large peers, this fund isn't afraid to completely avoid countries with debt that comprises a good deal of the market. Management sometimes overweights countries it favors and attempts to hedge such moves by shorting the bonds of neighboring countries that it believes to be relatively weak.  Read more 

Curtis Mewbourne, co-head of the emerging-markets bond team replaced fellow co-head Michael Gomez as manager. Previously, Gomez took over from longtime manager Mohamed El-Erian, who left in early 2006 for Harvard Management Co., but since returned to serve as CEO and co-CIO.  Read more 

This offering goes its own way in this rather volatile category. And with a large asset base, it is also one of the biggest funds in the emerging-markets bond category.  Read more