View more on these topics

Pimco launches Asia Local Bond fund


Pimco has launched a Ucits fund investing in Asian local currency-denominated bonds through its Dublin-domiciled Sicav.

The Pimco Asia Local Bond fund, which is registered under the firm’s Global Investors Series umbrella, launched on 18 June and is managed by Ramin Toloui and Roland Mieth.

The fund will hold at least 80 per cent of its net assets in Asian local currency-denominated bonds, although it can own securities from issuers outside of the region.

According to the fund’s factsheet to the end of June, the portfolio has duration weighted exposure of 16.2 per cent to South Korea, which is largest country position. Some 15.6 per cent was in Singapore, 13.4 per cent in Indonesia and 11.7 per cent in Hong Kong.

Benchmarked against the HSBC Asian Local Bond Index, the fund has an E retail share class that carries a unified management fee of 1.55 per cent.


Advisers urged to support long-stop petition

Advisers are calling on their peers to support an e-petition aimed at forcing the lack of a liability cap on financial advice back onto the political agenda. The e-petition, launched by Tenet, calls for the introduction of “fair liability for financial advice” and has received over 1,000  signatures so far. If it reaches 10,000 signatures, […]

Emma Simon MM blog

Emma Simon: Is the Money Advice Service that bad?

I realise this is controversial but is the Money Advice Service really that bad? Taking a cursory look at its website last week, I was struck by its clarity and ease of use. The site was peppered with useful signposts explaining where consumers could obtain more information. These included embedded links to a state pension forecast, […]

Schroders’ Brough, Noffke and Ground handed Openwork UK Equity mandate

Schroders’ Andy Brough, Sue Noffke and Jessica Ground have been appointed to the UK Equity fund mandate in the Openwork’s expanded Omnis investment proposition. The mandate was originally to be managed by Errol Francis but he recently left Schroders with Richard Buxton to join Old Mutual Global Investors. The Omnis board has since decided to […]


Advisers doubt Baker Tilly’s advice appetite

Accountancy firm Baker Tilly may return to the IFA sector through the acquisition of RSM Tenon but advisers doubt the firm much appetite for it.  Baker Tilly, which sold its financial services arm to Towry in 2007,  announced last week that it had begun due diligence on RSM Tenon and has until 22 August to […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm