Investment Strategies

An Introduction to PIMCO’s Diversified Multi-Asset Fund (Canada) – DMAF

Geraldine Sundstrom, Portfolio Manager, introduces DMAF – a multi-asset investment strategy that applies PIMCO’s macro and relative value views to invest across global asset classes including equity, credit, interest rate, FX and real asset markets.

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TEXT ON SCREEN: PIMCO

TEXT ON SCREEN: Geraldine Sundstrom, Portfolio Manager, Asset Allocation

IMAGE: Geraldine Sundstrom, facing camera, in office

Geraldine Sundstrom: So DMAF is a multi-asset fund. By this we mean that it covers all asset classes, starting from equities, via credit, government bonds, and finally, FX.

TEXT ON SCREEN: Diversified Multi-Asset Fund (Canada); Covers all asset classes and geographic zones

IMAGE: Geraldine Sundstrom

Not only this, it also covers different geographical zones. Even though it's mostly focused on developed markets, it will also cross over to emerging markets when we see the opportunity fits.

TEXT ON SCREEN: Diversified Multi-Asset Fund (Canada); Covers all asset classes and geographic zones; Not being wedded to a benchmark allows it to be more opportunistic

IMAGE: Geraldine

Not only this, DMAF is obviously dynamic. By this we mean it's not wedded to a benchmark. We will be opportunistic, depending on the cycle and where we want to position the fund. This will be in line with asset class valuation, opportunity set, and obviously the PIMCO global macro view.

TEXT ON SCREEN: Risk appetite depends on outlook and asset valuations

IMAGE: A chevron split screen, with text on the left. On the right, a photo shows a traffic light on yellow

You can think of it, in a way, as a traffic light system. How much risk we are taking will depend on our outlook and asset valuation very much.

IMAGE: Geraldine

And then there's, of course, the drilling down of this. This risk, how is it allocated versus a different asset class? Within each asset class what is our bottom-up pick?

But the last and very important thing about this fund is its philosophy, and really a philosophy of winning by not losing, how to create a portfolio that has great upside characteristics, and trying to be aware of the downside, which, of course, at this point in the cycle

IMAGE: Man sits at her desk on PIMCO trade floor, in front of computer monitors

IMAGE: Woman sits at her desk on PIMCO trade floor, in front of three computer monitors

IMAGE: Woman sits at her desk on PIMCO trade floor, in front of three computer monitors

makes most investors worried as asset valuations are pretty mature. And to do all of this we obviously need a fair dose of tailored risk management.

TEXT ON SCREEN: For more insights and information, visit pimco.com

IMAGE: Grey solid background with text overlay.

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

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.

Disclosure


IMPORTANT NOTICE

Please note that this video contains the opinions of the manager as of the date recorded, and may not have been updated to reflect real time market developments. All opinions are subject to change without notice.

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.

Statements concerning financial market trends or portfolio strategies are based on current market conditions, which will fluctuate. 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 for the long term, especially during periods of downturn in the market. Outlook and strategies are subject to change without notice.

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

CMR2021-0804-1745251

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