Pimco has rolled out a fund for investors looking for a global, diversified strategy that is focused on absolute return and not constrained by a benchmark. The Pimco Credit Absolute Return Fund is run by Mark Kiesel, a managing director in Newport Beach, California. The fund, with a “go-anywhere” investment style, will let investors diversify their fixed-income allocation without being tied to risks that are believed to be embedded in a benchmark. The fund looks for long-term, strategic investments and shorter-term tactical opportunities to provide positive returns in any market environment.
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