Sydney, Australia (March 14, 2017) – PIMCO is the winner of the Australian Morningstar Fixed Interest Fund Manager of the Year Award for the third consecutive year as it continues to achieve "excellent results across several different capabilities" in volatile market conditions and “showed it can deliver when it really matters.”
Morningstar Australia said: “PIMCO’s wide-ranging expertise in fixed income investing was on full display again during 2016. The firm achieved excellent results across several different capabilities, and as volatility returned to bond markets, showed that it can deliver when it really matters. All of this stems from the highly-capable team’s sophisticated and insightful research and application of a robust process. These traits have underpinned sound decisions for many years, solidifying PIMCO’s case as this year’s outstanding fixed interest manager.”
Adrian Stewart, Executive Vice President and Head of PIMCO Australia and New Zealand, said: “It’s an honour to have PIMCO selected by Morningstar as best in class for fixed interest for the third consecutive year. We are incredibly proud of our investment teams and the results they consistently deliver for our clients in Australia and globally.”
Robert Mead, Managing Director and Head of Portfolio Management at PIMCO Australia, said: “With ongoing bouts of volatility and a convergence to New Neutral growth rates globally, it is important for investors to remember that the bond market remains an important part of a portfolio's asset allocation. Overall, we believe the income, capital preservation, steadier returns and portfolio diversification of bonds will continue to offer value to both Australian and global investors in The New Neutral.”
He added, “With substantial uncertainty surrounding the global outlook, patience and nimbleness will be required to add value and we believe bond investors need to more than simply rely on passive market exposures to improve upon low passive returns. We believe investors should favour active managers who employ bottom-up research to identify opportunities in countries, sectors and companies that are growing faster than the economy.
In determining the winners of the Morningstar Awards 2017, Morningstar takes into consideration a combination of qualitative research by its manager research analysts; risk-adjusted returns over the one-, three- and five-year periods; and performance in the 2016 calendar year. Morningstar said: “The objective is to screen for fund managers that have provided consistently strong returns and not just reward those with the most impressive one-year return that have otherwise struggled to impress.”
PIMCO’s Australian Bond Fund still remains the only Gold rated fund (Morningstar Analyst Rating™ assigned at 24 Jan 2017) within the fixed income universe by Morningstar Australia. Morningstar said in its Global Fund Report published 10 Jan 2016: “PIMCO Australian Bond continues to be our top-rated Australian bond strategy owing to the experienced team and its consistent, time-tested process.”