Morningstar Rating

Fund Research and Analysis

by Miriam Sjoblom
PIMCO Emerging Markets Bond stands tall under scrutiny.

This Analyst Pick won't run with its most aggressive rivals. Manager Curtis Mewbourne argues that late 2008 and early 2009's financial and economic crisis underscored the importance of investing   Read more 

Kudos

Measured, valuation-conscious style.
Vast resources back the fund. Read more 

Risks

As with all its emerging-markets bond peers, the fund's net asset value can swing wildly. Read more 

Strategy

Unlike some of its large peers, this fund isn't afraid to completely avoid countries with debt that constitutes a good deal of the market. Management sometimes overweights countries it favors and attempts   Read more 

Management

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   Read more 

Inside Scoop

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 

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