PIMCO launches Euro Liquidity Fund

PIMCO, investment management firm launched a Euro Liquidity Fund on its Dublin based fund platform, the Global Investor Series (GIS). The new fund is a euro cash management service, which seeks to preserve capital and provide daily liquidity. The GIS

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PIMCO, investment management firm launched a Euro Liquidity Fund on its Dublin-based fund platform, the Global Investor Series (GIS). The new fund is a euro cash management service, which seeks to preserve capital and provide daily liquidity. The GIS Euro Liquidity Fund, which received the highest rating from both Moody’s and Standard & Poor’s, is available to corporate, institutional and high net worth investors across Europe.

Based on a conservative approach, the fund invests in a diversified portfolio of euro-denominated, highly-rated short-dated money market and fixed-income securities. As part of PIMCO’s GIS fund range, the Euro Liquidity Fund will offer investors a highly transparent vehicle to invest cash required for daily liquidity.

The fund will be managed by the Money Market Team in PIMCO Europe Ltd’s Munich Branch.

“The rating reflects the high credit quality of the Fund’s investments, the Fund’s objective to maintain a stable net asset value per share, and the disciplined investment and credit research process, robust compliance and risk management structure of its investment adviser, PIMCO,” says Michael Eberhardt, assistant vice president, Moody’s Investor.

“The rating reflects the fund’s extremely strong capacity to maintain principal stability and to limit exposure to principal losses due to credit, market, and/or liquidity risks. PIMCO, Munich-based experienced investment team operates under strict investment guidelines and strong risk and compliance procedures to meet the fund’s objectives,” says Francoise Nichols, director, Standard and Poor.

“In the current market conditions, capital preservation and avoiding liquidity risks for short-term cash, to the extent possible, have become a key priority for cash-rich companies and institutional investors. The conservative approach of the Euro Liquidity Fund, driven by extensive in-house credit research, allows the fund to focus on these investor priorities,” says Joe McDevitt, managing director and head of London office, PIMCO.

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