PIMCO to launch first Australian LIT in March

Fixed-income investment manager, PIMCO, has announced plans to launch a Listed Investment Trust, enabling investors unique access to multi-sector public and private investment opportunities across the fixed income spectrum.

The trust will be managed by a team that includes three of PIMCO’s most senior portfolio managers: Dan Ivascyn, group chief investment officer; Rob Mead, head of Australia and co-head of Asia-Pacific portfolio management; and Alfred Murata, managing director and portfolio manager.

Commenting on the plan, Mr Ivascyn said: “We see opportunities for income generation across global markets, but careful security selection and a flexible investment approach are key.

“PIMCO’s experience in managing listed investment structures and our deep presence in both public and private credit markets are advantages in sourcing unique investment opportunities.”

According to PIMCO, the trust’s listed structure will allow it to target less-accessible debt opportunities not typically available in unlisted investment structures.

“We are very pleased to be bringing this new strategy to market at a time when relatively low yields have made it challenging for Australian investors to source income in a risk-conscious manner,” Mr Mead said.

PIMCO has 50 years of experience in fixed income investing and has been operating in Australia since 1997.