SOURCE: PIMCO

PIMCO

April 12, 2011 09:00 ET

PIMCO Launches PIMCO EqS Emerging Markets Fund and PIMCO Emerging Multi-Asset Fund

Continues Build Out of PIMCO's Active Equity Platform

NEWPORT BEACH, CA--(Marketwire - Apr 12, 2011) - PIMCO, a leading global investment management firm, has launched two new actively managed funds as part of the firm's build out of its global equities platform: the PIMCO EqS Emerging Markets Fund and PIMCO Emerging Multi-Asset Fund.

The PIMCO EqS Emerging Markets Fund combines thorough bottom-up equity selection with top-down macro analysis and rigorous risk management and is designed to capture attractive risk-adjusted returns in emerging markets equities. The fund will be managed by Masha Gordon, an Executive Vice President and Portfolio Manager in PIMCO's London office who heads the firm's emerging markets equity portfolio management team.

The PIMCO Emerging Multi-Asset Fund offers investors a comprehensive solution for emerging markets investing, combining risk management with the asset allocation across equities, local bonds, dollar-denominated bonds and currencies. The lead manager is Curtis Mewbourne, Managing Director and Head of Portfolio Management in PIMCO's New York office.

"The PIMCO EqS Emerging Markets Fund and the PIMCO Emerging Multi-Asset Fund combine PIMCO's established investment process, global expertise, and a team with decades of experience researching and selecting securities to offer investors a differentiated approach to investing in emerging markets, in equities or across asset classes," said Neel Kashkari, a Managing Director and Head of New Investment Initiatives at PIMCO. "The launch of these two new funds is part of our strategy to introduce active equities solutions where we believe we can fully harness PIMCO's global strengths."

Ms. Gordon added: "Emerging markets economies represent a growing segment of the global corporate profit pool, yet we believe many investors remain under-allocated to emerging markets. Our investment process combines PIMCO's proven macro expertise with bottom-up stock selection in order to capture what we believe are the most attractive risk asymmetries in the space."

Mr. Mewbourne will oversee asset allocation for the PIMCO Emerging Multi-Asset Fund, working with three other specialist portfolio managers: Ms. Gordon will oversee equities investments; and Ramin Toloui and Michael Gomez, Executive Vice Presidents and Co-Heads of PIMCO's Emerging Markets Fixed Income Portfolio Management team, will oversee dollar-denominated and local currency denominated emerging markets debt, respectively.

"Many investors seeking exposure to emerging markets don't know how much they should invest in equities, local bonds, dollar-denominated bonds, or currencies," said Mr. Mewbourne. "The Emerging Multi-Asset strategy directly combines PIMCO's skills in emerging markets equities and bonds while utilizing PIMCO's asset allocation and tail risk hedging expertise, all in one compelling offering."

Institutional shares of the PIMCO EqS Emerging Markets Fund will trade under the ticker symbol PEQWX. Additional tickers include "D" shares (PEQDX), "A" shares (PEQAX), "C" shares (PEQEX), "R" shares (PEQHX), "P" shares (PEQQX) and Administrative shares (PEQTX).

Institutional shares of the PIMCO Emerging Multi-Asset Fund will trade under the ticker symbol PEAWX. Additional tickers include "D" shares (PEAEX), "A" shares (PEAAX), "C" shares (PEACX), "R" shares (PEARX), "P" shares (PEAQX) and Administrative shares (PEAMX).

About PIMCO
PIMCO is a leading global investment management firm, with offices in 10 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 Global Investors, a subsidiary of the Munich-based Allianz S.E., a leading global diversified financial services provider.

Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund's prospectus and summary prospectus, if available, which may be obtained by contacting your financial advisor or PIMCO representative, by visiting www.pimco.com/investments or by calling (888)87-PIMCO. Please read them carefully before you invest or send money.

A word about risk: Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. The value of fixed income securities contained in the fund can be impacted by changes in interest rates. Bonds with longer durations tend to be more sensitive and more volatile than securities with shorter durations; bond prices generally fall as interest rates rise. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Investments in value securities involve the risk the market's value assessment may differ from the manager and the performance of the securities may decline. Investing in securities of smaller companies tends to be more volatile and less liquid than securities of larger companies. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Diversification does not ensure against loss.

In addition, the PIMCO Emerging Multi-Asset Fund invests in other funds and performance is subject to underlying investment weightings which will vary. The cost of investing in the fund will generally be higher than the cost of investing in a fund that invests directly in individual stocks and bonds. There is no assurance when investing in short sales that the security necessary to cover a short position will be available. The fund is non-diversified, which means that it may invest its investments in a smaller number of issuers than a diversified fund.

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of Pacific Investment Management Company LLC. ©2011, PIMCO

PIMCO advised funds are distributed by PIMCO Investments LLC, 1345 Avenue of the Americas, New York, NY 10105-4800, (888) 87-PIMCO. Prior to 2/14/2011 PIMCO advised funds were distributed by Allianz Global Investors Distributors LLC.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.

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