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PIMCO Wins Australian Bond Category in AFR Smart Investor Blue Ribbon Awards

17 Sep 2010
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Leading bond fund manager PIMCO has won the Australian Bonds Award in the AFR Smart Investor Blue Ribbon Awards 2010.

The AFR Smart Investor Blue Ribbon Awards are unique as they are the most comprehensive, independent evaluation of banking, insurance and investment products in the market and are recognised as the industry’s premier awards.

PIMCO is a specialist fixed interest manager for clients worldwide. In Australia, PIMCO manages more than $28 billion across a wide range of fixed income funds and strategies, for large superannuation funds, self-managed super funds, institutional investors, and tens of thousands of individual investors.

PIMCO’s portfolio team members include Head of Portfolio Management Rob Mead, Portfolio Manager Julian Foxall, and Matt Mulcahy, Tracy Chin, and John Bright.

Mr. Mead said that PIMCO was very pleased to have won the award, and commented that it was an opportune time to be actively managing Australian bonds.

“The Australian Bond Fund is very actively managed and we always try to seek the best return within the context of minimising risk for investors,” Mr Mead said. “Having a global perspective and extensive global resources has generated a much deeper understanding of the forces driving Australian interest rates and credit spreads.”

Morningstar, a leading provider of independent investment research which undertook the fund analysis for the AFR Smart Investor Blue Ribbon Awards 2010, said that the EQT/PIMCO Australian Bond Fund – which can also invest in offshore debt – is a top-notch vehicle for investing in Australian bonds. “Robert Mead leads a high-powered and extremely proficient team, drawing on PIMCO’s acknowledged mastery of and expertise in fixed interest investing, making PIMCO Australian Bond a heavyweight among fixed income funds,” Morningstar said

To qualify for inclusion in the Awards, funds must be retail investment trusts with more than $5 million under management which are open to new investors. Funds must have qualitative Morningstar Recommendation of ‘Highly Recommended’, ‘Recommended’, or ‘Investment Grade’. The next filter removes funds that have produced poor relative risk-adjusted historical performances for their investors. The final filter is the one-year performance ranking, in recognition that these are annual awards. The methodology weighs up fund managers’ qualitative people and process issues and their short-, medium-, and longer-term track records relative to competitors to identify the premier choices in the funds management industry.

The Blue Ribbon Awards issue of AFR Smart Investor magazine is on sale from today, cover price $7.95, and is available at your local newsagency.

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