In their view they do not feel the world is heading towards a recession, and any potential recession is several years away.
In recent updates we have focused on fixed interest funds which can invest across the credit asset spectrum to drive the best returns. In this update we consider with the negative sentiment building on High Yield whether an Investment Grade Fund might be worthy of consideration.
PIMCO are considered one of the leading specialists in the Fixed Income space and this is a Corporate Bond Fund focusing on Investment Grade (good quality) companies.
The manager, Mark Kiesel, has been at the helm of the fund since it was launched in 2003. For performance I have compared to the M&G Optimal Income and the Global Bond Sector.