PIMCO Developing Local Markets IPLMIX

Morningstar Rating

Fund Research and Analysis

by Miriam Sjoblom

It's worth parsing PIMCO Developing Local Markets' unconventional makeup.

When it comes to credit risk, this fund won't run with its most aggressive peers. Manager Michael Gomez argues that late 2008-early 2009's financial and economic crisis underscored Read more

Kudos

Measured, valuation-conscious style.

Vast resources back the fund. Read more

Risks

Likely to be volatile due to use of local-currency emerging-markets debt. Read more

Strategy

Management focuses on countries that have sound macroeconomic policies, which lead to low inflation rates and strong currencies. The fund buys local-currency debt in such countries, primarily through Read more

Management

Michael Gomez has led this fund since its mid-2005 inception. Before joining PIMCO in 2003, Gomez traded emerging-markets bonds for Goldman Sachs, and prior to that, he advised the Columbian government's department of public credit. Gomez has tremendous Read more

Inside Scoop

This is the lone local-currency-only choice in this category. Read more

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