Investment manager PIMCO has been awarded in the 2021 Money Management Fund Manager of the Year Global Fixed Income award with the winning fund Global Bond Wholesale and highly commended for its ESG Global Bond Wholesale.
PIMCO fixed income chief investment officer Andrew Balls said the performance of both funds was driven by the firm’s philosophy of seeking to generate consistent value through multiple sources.
“During the first quarter of 2020, top-down themes, in particular an emphasis on taking interest rate risk in the US, were the primary drivers of performance as yields fell broadly alongside a sharp deterioration in risk sentiment as COVID-19 spread across the globe,” he said.
“Our top-down focus, which included insights from medical experts, allowed us to navigate a highly uncertain economic environment and adjust our overall level of risk as economic and market conditions rapidly evolved.”
The judges stated that PIMCO was a global leader in fixed income and that both funds had a highly sophisticated process, with deep research and huge resources and that PIMCO harnessed a wealth of experienced investors and plentiful resources to contribute to this strategy.