The PIMCO Dividend and Income Builder and the PIMCO EqS Dividend funds will be managed by Brad Kinkelaar and Cliff Remily, both based in the company’s Newport Beach office. The fixed income positions in the Dividend and Income Builder fund will be managed by portfolio manager Eve Tournier.
Kinkelaar and Remily’s active management style will sit alongside Pimco’s global macro views to target growing income as well as long-term capital appreciation. Both funds are unconstrained by geography, sector or issuer size.
Neel Kashkari, head of global equities at Pimco said: “We believe a global focus provides the best potential for dividend investors as many attractive dividend-paying companies are often found outside the US and can provide investors with a broader range of income options than a US-only portfolio.
Remily added: “In addition, a strategy focused on dividend-paying stocks purchased at attractive valuations can offer capital appreciation and a compelling total return with less volatility for equity investors.”
Both funds will be available in various share classes for institutional and retail investors.
