- PIMCO has won the fixed interest award for both 2010 and 2009.
- Morningstar said PIMCO’s deep pool of global talent continues to reward Australian investors
Fixed interest manager PIMCO/Equity Trustees has won leading investment researcher Morningstar’s Fund Manager of the Year Award for fixed interest, for the second successive year.
Morningstar determines winners of its Fund Manager of the Year Awards through a combination of qualitative research by Morningstar fund research analysts; together with the manager’s risk-adjusted medium-to-long-term track record and performance in the calendar year. The fixed interest award includes both international and domestic fixed interest.
“There’s not much that hasn’t already been said about PIMCO, but the shop’s expertise in building fixed interest portfolios continues to reward Australian investors,” Morningstar said of PIMCO’s 2010 win.
“PIMCO founder Bill Gross is the face of this operation, but he’s surrounded by a deep and talented pool of professionals who demonstrate superior judgement when evaluating macroeconomic conditions and the optimal securities to own. PIMCO continues to perform with aplomb, and few fund managers can match the firm’s credentials and intellectual firepower,” Morningstar said.
Robert Mead, Head of Portfolio Management at PIMCO Australia, said he was pleased that PIMCO had won the coveted award two years running and said this reflected the quality and focus of the team.
“Winning the Morningstar award two years in succession reflects the global reach and outlook of PIMCO’s international and domestic fixed interest team and the talent and hard work of our portfolio managers,” Mr Mead said.
Peter Dorrian, PIMCO Head of Global Wealth Management Australia, said that financial advisers and investors should continue to feel confident about PIMCO’s management of the fixed interest component of their portfolio.
“PIMCO is an active manager of international and Australian fixed interest and looks to identify the best opportunities for investors against the backdrop of constantly changing market conditions. Fixed interest provides both diversification and income to yield conscious investors’ portfolios, while seeking to smooth volatility,” he said.
