What is the PIMCO Euro Credit Strategy?
PIMCO’s Euro Credit strategy invests primarily euro-denominated, primarily investment grade corporate and credit instruments. The strategy utilizes a disciplined approach in the credit selection process, as issuer and industry decisions will contribute meaningfully to the performance of the product. In addition to corporate bonds, the credit universe includes investment-grade sovereign bonds, as well as supranational issuers. While macroeconomic strategies that influence sector and industry decisions are important, bottom-up security selection will most likely be the primary driver of long-term performance.