PIMCO Launches Absolute Return Fund

PIMCO has launched an absolute return fund that aims to deliver returns and diversification by combining passive exposure to the S&P 500 index with a complementary, actively-managed bond-alpha strategy. The fund replicates S&P 500 performance using either equity index futures or total-return swaps and intends to deliver outperformance through a global, high-quality bond-alpha strategy. PIMCO has been successfully managing a similar strategy in the U.S. since 2002.