PIMCO's Bill Gross' October "Investment Outlook" Podcast Available, Titled "Nothing to Fear but McFear Itself"


NEWPORT BEACH, CA--(Marketwire - October 20, 2008) - PIMCO today announced that co-Chief Investment Officer and Founder, Bill Gross' October "Investment Outlook" is available as a free podcast on iTunes.com and pimco.com. This month's podcast covers topics such as housing, the Fed, the Treasury, the credit freeze, and "McFear."

Gross, the first major money manager to podcast, offers provocative views for investing and the economy. Gross' monthly investment forecast can be subscribed to at www.iTunes.com by searching podcasts for "PIMCO" or "Bill Gross." The audio can also be downloaded at www.pimco.com by clicking on the "Investment Outlook" link.

Gross has been making his "Investment Outlook" podcasts available since 2005. A Japanese version of his podcasts is also available on iTunes.

About PIMCO

PIMCO, founded in 1971, is a global investment management firm serving a wide range of institutional and retail investors worldwide. With offices in nine countries in North America, Europe and Asia, we manage investments across a broad spectrum of global financial markets. Our success is built on our philosophy of seeking to consistently deliver attractive returns while maintaining a strong culture of risk management. PIMCO is owned by Allianz Global Investors, a subsidiary of the Munich-based Allianz Group, a leading global insurance company.

Contact Information: CONTACT: Mark Porterfield PIMCO (949) 720-6397