Press Release

PIMCO Australia Launches ESG Global Bond Fund

New ESG fund helps clients achieve their investment goals while making a positive social impact


Sydney, April 11, 2017 – PIMCO, a leading global investment management firm, has launched a dedicated Environmental, Social and Governance (ESG) investment platform globally, offering fixed income solutions to investors seeking attractive returns while making a positive social impact. As part of this platform, the PIMCO ESG Global Bond Fund has been launched in Australia. The Fund, which marks PIMCO’s first dedicated ESG fund offered to Australian clients, has been launched to meet demand from clients looking to incorporate responsible and social considerations in fixed interest investing.

PIMCO’s unique ESG framework is underpinned by three key pillars: Exclusion, Evaluation and Engagement. The process not only excludes companies with business practices that are misaligned with sustainability principles, but also evaluates their ESG credentials and favours those with best-in-class ESG practices. Further, the team engages collaboratively with companies, encouraging them to improve their ESG practices and influence long term change.

The founding belief of this new strategy is that investors in ESG portfolios should not have to sacrifice their financial objectives in order to achieve an ESG impact. The Fund aims not to compromise on investment returns to achieve social objectives by benchmarking itself against a traditional global bond benchmark, and invests in a range of sovereign and investment grade corporate bonds from around the world. The fund is managed by a team led by Andrew Balls, Managing Director and CIO of Global Fixed Income and Alex Struc, Portfolio Manager and Head of ESG Portfolio Management at PIMCO.

PIMCO globally has also launched a dedicated ESG fund in Europe and the U.K, and enhanced two of its socially responsible funds in the U.S. to incorporate a wider range of ESG considerations into the investment process.

Andrew Balls, Managing Director and CIO of Global Fixed Income, said: “For many investors, screening out undesirable investment categories isn’t enough anymore; they want to use their investments to promote change in the world. Our ESG Fund provides the tools to do that without compromising on returns.”

Alex Struc, Portfolio Manager and Head of ESG Portfolio Management at PIMCO, said: “Historically, this type of strategy has been pursued by equity investors but we firmly believe that engagement as a debtholder is equally important. Across the vast fixed income universe, small change can have an enormous positive impact.”

Adrian Stewart, Head of PIMCO Australia and New Zealand, said: “Sustainable investing is increasingly an important focus for many of our clients, yet there is a shortage of compelling ESG-oriented fixed income solutions available to investors. Having spent the last few years developing our processes and team, we are excited to invite Australian investors to participate in what we believe is an engagement-driven, industry-leading ESG platform. We think that PIMCO is in a great position to fill this leadership vacuum in this maturing market.”

Media Contacts

Michael Reid
Global Head of Corporate Communications
New York

Donna Chan
APAC Corporate Communications
Hong Kong

Millie Dravers
Australia Corporate Communications

Agnes Crane
U.S. Corporate Communications
New York

Jennifer Spivey
U.S. Corporate Communications
Newport Beach

Laura Batty
U.K. and EMEA Corporate Communications

Jochen Haegele
EMEA Corporate Communications



PIMCO is a leading global investment management firm, with offices in 11 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

This publication is intended for general advice only. Retail investors should seek advice from their financial advisers before making an investment decision.

Past performance is not a reliable indicator of future results. Interests in any PIMCO fund mentioned above are issued by PIMCO Australia Management Limited (ABN 37 611 709 507, AFSL 487 505) of which PIMCO Australia Pty Ltd ABN 54 084 280 508, AFSL 246862 is the investment manager (together PIMCO Australia). This publication has been prepared without taking into account the objectives, financial situation or needs of investors. Before making an investment decision investors should obtain professional advice and consider whether the information contained herein is appropriate having regard to their objectives, financial situation and needs. Investors should obtain a copy of the Product Disclosure Statement (PDS) and consider the PDS before making any decision about whether to acquire an interest in any PIMCO fund mentioned above. The current PDS can be obtained via This publication may include economic and market commentaries based on proprietary research which are for general information only. PIMCO Australia believes the information contained in this publication to be reliable, however its accuracy, reliability or completeness is not guaranteed. Any opinions or forecasts reflect the judgment and assumptions of PIMCO Australia on the basis of information at the date publication and may later change without notice. These should not be taken as a recommendation of any particular security, strategy or investment product. All investments carry risk and may lose value. To the maximum extent permitted by law, PIMCO Australia and each of their directors, employees, agents, representatives and advisers disclaim all liability to any person for any loss arising, directly or indirectly, from the information in this publication. No part of this publication may be reproduced in any form, or referred to in any other publication, without express written permission of PIMCO Australia. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. © PIMCO, 2017