PIMCO is continuing to build out its active equities platform with the launch of two new funds: the Dividend and Income Builder fund and the EqS Dividend fund.
Both funds are actively managed, with the EqS Dividend fund (PQDIX) aimed at investors who want an equity focus, while the Dividend and Income Builder (PQIIX) has both equities and fixed income positions.
“These two funds continue PIMCO’s measured and deliberate build out of our active equities platform,” said Neel Kashkari, PIMCO’s head of global equities. “We believe a strategy focused on global dividend-paying stocks is compelling in any market environment.”
Danielle Reed writes for Financial Planning.