PIMCO has launched an income fund to help investors address concerns about rising interest rates, Financial Times reports. The Pimco GIS Diversified Income Duration Hedged fund will be managed by portfolio manager Eve Tournier.

The product will invest across several fixed income sectors, including investment grade and high-yield corporate bonds, convertible bonds, municipal bonds and asset-backed securities. The offering has been added to PIMCO’s Dublin-domiciled global investor series fund range, comprising 42 sub-funds.

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