Fund Research and Analysis
by Lawrence JonesPIMCO Global Multi-Asset's uncommon characteristics set it apart.
A rigorous perspective informs implementation of the approach used here. Managers Mohamed El-Erian, Curtis Mewbourne, and Vineer Bhansali take, as an analytic point of departure, the notion that investors must progress from thinking about investment diversification in terms of asset classes to thinking about "risk factors," accounting for them independently and examining how they're embedded in the range of available asset classes. Read more
A rigorous perspective informs implementation of the approach used here. Managers Mohamed El-Erian, Curtis Mewbourne, and Vineer Bhansali take, as an analytic point of departure, the notion that investors must progress from thinking about investment diversification in terms of asset classes to thinking about "risk factors," accounting for them independently and examining how they're embedded in the range of available asset classes. Read more
Kudos
Experienced management.
The firm's vast research and analytic resources back management at the fund.
A flexible mandate allows for broad diversification and the ability to take full advantage of firm investment theses.
The unique "tail risk" hedging strategy employed here gives investors access to downside protection more commonly seen at hedge funds and other sophisticated investment vehicles. Read more
Risks
Some of the fund's retail share classes could be cheaper.
The fund's innovative "tail risk" hedging approach, while proven effective at other mandates (and here for a brief period), doesn't have a long-term record. Read more
Strategy
Management here utilizes a tripartite approach that focuses on broad-based asset-allocation decision-making, looks for relative value opportunities both between and within asset classes (using a "risk factor" framework), and seeks to hedge out extreme downside risk using a variety of tools. Read more
Management
This fund is the first PIMCO offering to be formally run in a team format, and firm CEO and co-CIO Mohamed El-Erian takes the lead here focusing on the broad asset-allocation decision-making. Comanagers Curtis Mewbourne and Vineer Bhansali work on employing relative value and "tail risk" hedging strategies at the fund, respectively. Read more
Inside Scoop
This fund's novel approach and impressive management experience make it an interesting option to consider. Read more
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