PIMCO has joined the retirement income race with its Real Income Funds, a suite of mutual funds that ladder investments in TIPS to serve as an anchor for retirees' portfolios by offering them steady monthly income, inflation hedging and liquidity.

Initially, the funds will be offered in maturities of 2019 and 2029; up until those dates, when the funds will be depleted, they will draw down principal and interest to provide a steady stream of income.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.