Pacific Investment Management Co., the world’s largest active bond manager, plans to open a fixed- income fund today that will allocate money across a range of emerging-market debt, according to a person briefed on the plan.

Pimco Emerging Markets Full Spectrum Bond Fund, set to begin trading under the ticker symbol PFSIX, will invest in local-currency government debt as well as dollar-denominated sovereign and corporate bonds, according to a prospectus. The fund will be managed by Michael Gomez, co-head of Pimco’s global emerging-markets portfolio management team, and charge 99 basis points for its institutional shares.

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