PIMCO GIS High Yield: Qual. Rating Issued

We believe PIMCO GIS High Yield's potential won't change now that it's in new hands.

Dario Portioli, CFA 30 April, 2010 | 8:03AM
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We have issued a new Morningstar Qualitative Rating and Research Report for PIMCO GIS High Yield Bond.

"Starting from Jan. 2010, Andrew Jessop took over full responsibility for this fund. Jessop’s appointment granted the team greater stability--former manager Ray Kennedy stepped down in Apr. 2007, and his successor, Mark Hudoff, left in May 2009. Despite these changes, shareholders should expect the crux of this fund's approach to remain substantially the same. As with all PIMCO strategies, the fund is managed in consideration of the firm’s long-term and cyclical forecasts for the economy and markets. However, investment decisions here are dominated by traditional bottom-up credit analysis, which is supported by PIMCO’s strong 30-person credit team."

The full four page PDF report can be accessed here. It is free to users of morningstar.co.uk.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
PIMCO GIS US Hi Yld Bd E Acc36.99 USD0.25Rating

About Author

Dario Portioli, CFA

Dario Portioli, CFA  è Senior Fund Analyst di Morningstar in Italia.

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