PIMCO Floats Multi-Asset Fund

Pacific Investment Management Co. has rolled out a new mutual fund.

Pacific Investment Management Co. (PIMCO) has rolled out a new mutual fund. The Pimco Inflation Response Multi-Asset Fund aims to take advantage of inflationary trends by investing in a broad range of assets.

The inflation-oriented fund will be managed by Mihir Worah, a managing director in Newport Beach, California. The product seeks to protect investors against and earn returns based off rising prices with investments across various asset classes, including treasury inflation protected securities, commodities, emerging-market currencies, gold and real estate investment trusts.

Click here for the release from Market Wire.