PIMCO has unveiled a floating-rate fund, extending its investment strategy (IS) for higher rates and rising inflation. The PIMCO Senior Floating Rate Fund will provide investors access to the yields and portfolio diversification benefits that can be offered in the senior secured floating rate market.

The fund will be managed by Elizabeth MacLean, the company’s executive vice president and portfolio manager. She previously managed the bank loan and structured-product areas as a portfolio manager with Lord Abbett.

Click here for the release from PIMCO.