What Is PIMCO’s Euro Short Term Strategy?
PIMCO’s Euro Short Term strategy is designed to improve on the returns provided by a typical money market vehicle. The Euro Short Term strategy seeks to maximize current income while preserving capital and providing daily liquidity. The Euro Short Term strategy, which is based on PIMCO’s short-term process, invests in a broad range of money market and short maturity fixed income securities as well as in longer maturities and lower rated credits to attempt to generate excess relative returns. While the majority of portfolio assets will normally be invested in euro-denominated securities, there will also be allocations to global securities, which are normally currency hedged back to euros. We utilize all major sectors of the bond markets to implement a diversified set of strategies including country, currency and sector rotation, yield curve positioning and duration management.