PIMCO Launches Its First Dedicated Climate Bond Fund
Newport Beach, California (December 10, 2019) – PIMCO, one of the world’s premier fixed income investment firms, today announces the launch of the PIMCO Climate Bond Fund. This is PIMCO’s first fund dedicated to investments that are linked to combating global climate change.
The PIMCO Climate Bond Fund invests in both labeled and unlabeled green bonds, as well as bonds from issuers demonstrating innovative approaches to environmental sustainability, offering investors an expanded opportunity set beyond traditional green bond exposures. The fund seeks optimal risk-adjusted returns and provides investors with a globally diversified, multi-sector bond portfolio that supports climate change solutions, while seeking to minimize exposure to climate-related risk.
The fund will be managed by Scott Mather, Managing Director and Chief Investment Officer of U.S. Core Strategies; Jelle Brons, Executive Vice President and Portfolio Manager; Ketish Pothalingam, Executive Vice President and Portfolio Manager; and Samuel Mary, Vice President and Portfolio Manager.
“PIMCO aims to deliver superior returns for our clients who also want to support issuers actively working to find solutions for climate-driven risks,” said Scott Mather, Managing Director and PIMCO’s Chief Investment Officer of U.S. Core Strategies. “With more bond issuers committing to climate action, and with over $600 billion of green bonds outstanding, we believe there are attractive investment opportunities in this market.”
PIMCO has been active in responsible investing for decades, launching one of the first socially responsible fixed income funds in 1991. This new fund complements PIMCO’s dedicated ESG platform, launched to meet investor demand for ESG focused investment solutions.
The PIMCO Climate Bond Fund invests in both labeled and unlabeled green bonds, as well as bonds from issuers demonstrating innovative approaches to environmental sustainability, offering investors an expanded opportunity set beyond traditional green bond exposures. The fund seeks optimal risk-adjusted returns and provides investors with a globally diversified, multi-sector bond portfolio that supports climate change solutions, while seeking to minimize exposure to climate-related risk.
The fund will be managed by Scott Mather, Managing Director and Chief Investment Officer of U.S. Core Strategies; Jelle Brons, Executive Vice President and Portfolio Manager; Ketish Pothalingam, Executive Vice President and Portfolio Manager; and Samuel Mary, Vice President and Portfolio Manager.
“PIMCO aims to deliver superior returns for our clients who also want to support issuers actively working to find solutions for climate-driven risks,” said Scott Mather, Managing Director and PIMCO’s Chief Investment Officer of U.S. Core Strategies. “With more bond issuers committing to climate action, and with over $600 billion of green bonds outstanding, we believe there are attractive investment opportunities in this market.”
PIMCO has been active in responsible investing for decades, launching one of the first socially responsible fixed income funds in 1991. This new fund complements PIMCO’s dedicated ESG platform, launched to meet investor demand for ESG focused investment solutions.