Sydney, (15 March, 2022) – PIMCO, one of the world’s premier fixed income investment managers, has released details of its first listed investment trust for Australian investors, as it begins a three-week national roadshow to promote the Trust.
The PIMCO Global Income Opportunities Trust (PMX) aims to deliver regular income and attractive risk-adjusted returns by targeting PIMCO’s best income-generating ideas across multiple fixed income sectors globally. It targets a distribution of 4.75% to 5.75% per annum, paid monthly.Footnote2
PMX is aiming to raise an amount of approximately A$500 million and expects to begin trading on the Australian Securities Exchange on 21 April 2022.Footnote3
The Trust will be managed by a team that includes three of PIMCO’s most senior portfolio managers: Dan Ivascyn, managing director and Group Chief Investment Officer; Rob Mead, managing director, head of Australia and co-head of Asia-Pacific portfolio management; and Alfred Murata, managing director and portfolio manager, mortgage credit. Other members of the portfolio management team are Adam Bowe, portfolio manager, Australia; Giang Bui, portfolio manager, securitized debt; and Jing Yang, portfolio manager, structured credit.
Dan Ivascyn, PIMCO’s Group CIO said: “PIMCO has a long and successful history of managing listed trusts around the world. The flexibility of the listed structure provides us with greater opportunities to pursue high conviction positions to generate attractive income. We will continue to employ our long-standing “bend but don’t break” approach, rigorously analyzing and stress-testing potential opportunities that we believe can offer a resilient return profile under a broad range of economic scenarios.”
Rob Mead, head of Australia and co-head of Asia-Pacific portfolio management, said: “We are very pleased to be launching this unique offering to Australian investors at a time when the need for income is strong. PMX will represent PIMCO’s best income-generating investment ideas, taking advantage of our dedicated investment specialists from around the world, and our depth and reach across global fixed income markets.”
Participating in the Offer
The Offer opens on 29 March 2022.Footnote4 Once the Offer is open, applications can be made by completing the application form attached to the PDS or online at www.PIMCOOffer.com.au. Those applying under the broker firm offer should contact their broker for application details.
The Joint Lead Arrangers and Joint Lead Managers to the offer are E&P Corporate Advisory Pty Limited, Morgans Financial Limited, National Australia Bank Limited and Commonwealth Securities Limited.
Other Joint Lead Managers are Ord Minnett Limited, Shaw and Partners Limited and Bell Potter Securities Limited.
For more information on PMX, visit www.pimco.com.au/LIT-PMX
PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50 years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and professionals