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PIMCO Diversified Multi-Asset Fund (Canada)

Enjoy the upside of downside awareness

Combines big picture thinking with the ability to capture opportunities and mitigate risk across different economic cycles and market environments.

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OVERVIEW

Diversified Multi-Asset Fund (Canada) "DMAF": How Can It Help You in Today's Market Conditions?

  • Return Potential

    Opportunities are changing. A flexible approach across a broad universe to seek attractive risk-adjusted returns with a low sensitivity to traditional asset classes.

  • Mitigate Risk

    Risk is not constant. A risk conscious mindset and dynamic approach can be critical to helping smooth the path of returns.

  • Provide Optionality

    Market uncertainty is high. Dynamic risk posture can help capitalize on potential opportunities and mitigate risks.
DMAF Brochure Cover

FUND

DMAF seeks to deliver across market environments and can be used in three key ways:


  • Core asset allocation strategy
  • Liquid alternative strategy
  • Tactical allocation complement
View Dynamic Multi-Asset Fund
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STORIES

The Bigger Picture

We believe that combining a big picture view of the world with thorough asset-specific research is the best way to form a complete, independent view. To stay updated subscribe below.

Back to the Future

Back to the Future

The recent Fed meeting was a notable development that has influenced our conviction, outlook and positioning for the Fund. By signaling to the market that they will respond if inflation proves to be less transitory than thought, the Fed has reduced the risk of being forced into much faster and more aggressive policy action further down the road and as a result, likely extended the economic cycle. In our view, a longer cycle is one in which our targeted thematic exposures to companies and sectors that stand to benefit from secular growth drivers will outperform the broader market, as the inevitable shift to a greener and more digital economy is given room to breathe. DMAF was highly dynamic throughout the period, adjusting exposures to ensure we are well-positioned to deliver for clients as we move past the reflation story and markets focus shifts back to the future. After having reduced our equity position in March, we have increased our equity allocation (+12.5%) via our thematic baskets and broad market indices while removing more inflation sensitive assets such as gold (-4.4%) as the tail risk of runaway inflation is reduced. ... READ MORE
Rising Tides

Rising Tides

Earlier in 2021 we had introduced a basket focusing on shipping companies, tied to the expected growth in a supply constrained shipping industry. This market is controlled by an oligopoly of alliances, with an ageing fleet and where the supply of boats is slow to increase due to environmental consideration hence, benefiting from high barriers to entry and pricing power. In addition, the pandemic has accelerated the already constrained supply, pushing demand as consumers switched from services like restaurants to goods such as computers and tablets, and standard container rates on some transpacific routes have more than quadrupled. This new cycle is much more physical in nature than the previous one which means higher volume of goods in movement which should keep shipping costs elevated. ... READ MORE
The Green Revolution

The Green Revolution

We continue to look for new ways to capitalize on the green theme, which has been turbo-charged by the pandemic. We have added to our decarbonization & sustainability basket and worked to expand our understanding of the growing and underestimated downstream businesses of our forestry companies. As the race towards net zero carbon emissions intensifies, companies and corporates are looking to negative emission technologies to bolster their efforts. This basket focuses on woodland assets that stand to benefit from this theme as a natural and effective means of carbon capture. Additionally, many of these companies are well placed to benefit from increased use of sustainable materials for packaging and energy production. This basket of high quality, low multiple stocks with high dividend yields and strong ESG scores provides the portfolio with an innovative exposure to the increasingly important sustainability economy. ... READ MORE

TEAM

Meet Our Investment Management Team

The team combines decades of expertise across alternative strategies and traditional asset classes, and leverages the full depth and breadth of PIMCO’s global investment resources.

Geraldine Sundstrom

Geraldine Sundstrom

Portfolio Manager, Asset Allocation

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Emmanuel Sharef

Emmanuel S. Sharef

Portfolio Manager, Asset Allocation

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Erin Browne

Erin Browne

Portfolio Manager, Asset Allocation

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THOUGHT LEADERSHIP

From Our Investment Team

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Section : Date : Experts :
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Positioning Portfolios for 2024
Prime Time for Bonds
Global Investing Strategy: Favoring High Quality Bonds, Real Assets

Contact

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Disclosures

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

No offering is being made by this material. Interested investors should obtain a copy of the prospectus, which is available on pimco.ca or from your Financial Advisor.

All Investments contain risk and may lose value. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. 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. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. 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. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. 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.

This material contains the current opinions of the manager and such opinions are subject to change without notice. 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. There is no guarantee that these investment strategies will work under all market conditions or are appropriate for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market.

The products and services provided by PIMCO Canada Corp. may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose. PIMCO Canada has retained PIMCO LLC as sub-adviser. PIMCO Canada will remain responsible for any loss that arises out of the failure of its sub-adviser.

PIMCO Canada Corp. 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2, 416-368-3350

CMR2021-0730-1740265