PIMCO Europe, a fixed-income fund management companies, announced Thursday that the total assets under management in their UCITS III Dublin domiciled Euro Bond Fund, has reached more than $2 billion: an increase of over 300 percent since January 2003.
At the same time, PIMCO’s Global Investors Series plc umbrella fund complex, has exceeded $11 billion assets under management, nearly double the total size at the end of 2003.
The Euro Bond Fund invests primarily in investment grade Euro denominated bonds.
Emanuele Ravano, head of portfolio management for PIMCO Europe in London, and manager of the Euro Bond Fund said, “The Euro Bond fund offers PIMCO clients exposure to all sectors of the European bond markets allowing them to benefit from added value through diversification while maintaining an overall risk level similar to that of the index.
“We think there is substantial opportunity in yield curve strategies and our positioning is in the immediate front end and in longer dated maturities – a barbell strategy which has allowed us to consistently outperform the benchmark, even in the current low-return environment.”