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PIMCO GIS Global Real Return Inst USD Acc

Ranked 5 out of 12 in - Global Inflation Linked over 12 months
All calculations are in USD unless stated

Managed by

Michael Althof

Michael Althof is a senior vice president and portfolio manager at PIMCO Deutschland GmbH. In this role, Althof helps manage global inflation-linked bond funds and is lead manager on the firm’s PIMCO GIS Euro Real Return Fund. Althof follows a macro, fundamental approach to investing, and believes that his fund performs well during periods of rising inflation. Based in Munich, he enjoys tennis, rugby and skiing outside of fund management. He attended ESCP Europe, where he received a degree in Finance.

Jeremie Banet

Mihir Worah

Mihir Worah is CIO Asset Allocation and Real Return and a managing director at PIMCO in the Newport Beach office. He is a member of the investment committee and the executive committee, and oversees portfolio management for the U.S. He is a generalist portfolio manager who manages a variety of fixed income, commodity and multi-asset portfolios. Prior to joining PIMCO in 2001, he was a postdoctoral research associate at the University of California, Berkeley, and the Stanford linear accelerator center, where he built models to explain the difference between matter and anti-matter. In 2012 he co-authored “Intelligent Commodity Indexing,” published by McGraw-Hill. He has over 14 years of investment experience and holds a Ph.D. in theoretical physics from the University of Chicago.

Objective

The investment objective of the Fund is to seek to maximise real return, consistent with preservation of real capital and prudent investment management. The Fund invests at least two-thirds of its assets in a diversified portfolio of inflation-indexed Fixed Income Instruments of varying maturities issued by governments, their agencies or instrumentalities and corporations. Inflation-indexed bonds are Fixed Income Instruments that are structured to provide protection against inflation. The value of the bonds principal or the interest income paid on the bond is adjusted to track changes in an official inflation measure.

Showing fund performance in Singapore View performance globally

Performance

Global Inflation Linked over : 31/10/2016 - 31/10/2017
  • Rank 5/12 Total Return
  • Rank 9/12 Standard Deviation
  • Rank 6/12 Max Drawdown
Fund Name Currency Risk
7 SLI Glo SICAV Glbl Inflation-Linked Bond A USD USD

4.3

8 Schroder ISF Glo Inflation Linked Bd USDH A Acc

Currency exposure is hedged

Currency exposure is hedged

USD

4.5

9 PIMCO GIS Global Real Return Inst USD Acc

Currency exposure is hedged

Currency exposure is hedged

USD

4.8

9 AXA WF Global Inflation Bonds A H USD

Currency exposure is hedged

Currency exposure is hedged

USD

4.8

11 PIMCO GIS Global Advantage Real Rtn I USD Acc USD

6.8

Fund Name Currency Loss
4 Amundi Fds Bond Global Inflation I(13) H - (C)

Currency exposure is hedged

Currency exposure is hedged

USD

-2.4%

5 BGF Global Inflation Linked Bond A2 USD USD

-2.6%

6 PIMCO GIS Global Real Return Inst USD Acc

Currency exposure is hedged

Currency exposure is hedged

USD

-2.6%

6 SLI Glo SICAV Glbl Inflation-Linked Bond A USD USD

-2.6%

8 AXA WF Universal Inflation Bonds A C USD USD

-2.6%

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 1.1% -0.4% 0.7%
2016 10.9% 3.8% 4.2% 4.3% -1.6%
2015 -1.9% 2.4% -2.4% -1.1% -0.7%
2014 9.1% 3.0% 3.4% 0.9% 1.5%
2013 -6.4% 2.8% -7.5% 0.4% -1.8%
2012 7.7% 1.5% 2.4% 1.6% 2.0%
2011 11.5% 1.6% 2.9% 2.9% 3.7%
2010 6.7% 2.5% 1.9% 3.5% -1.3%
2009 15.0% 2.7% 4.4% 5.4% 1.8%
2008 -4.6% 5.0% -1.7% -3.1% -4.6%
2007 7.0% 0.5% -1.9% 4.3% 4.0%
2006 1.2% -1.9% 0.1% 3.6% -0.5%
2005 5.4% 0.4% 3.5% 0.9% 0.6%
2004 8.6% 3.4% -1.6% 3.2% 3.4%
2003 1.7%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Bahrain
  3. Belgium
  4. Chile
  5. Denmark
  6. Finland
  7. France
  8. Germany
  9. Greece
  10. Hong Kong
  11. Ireland
  12. Italy
  13. Korea
  14. Luxembourg
  15. Macau
  16. Netherlands
  17. Norway
  18. Singapore
  19. Spain
  20. Sweden
  21. Switzerland
  22. United Arab Emirates
  23. United Kingdom

Fund Info

  • Launch date30/09/2003
  • Share Class size440Mn
  • Base currencyUSD
  • ISIN IE0033591748
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment10Mn
  • Min. regular additional investment0

Charges

  • Annual management0.49%

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Citywire + rated bond manager predicts the return of inflation and the stabilisation of commodity prices despite the end of the so-called 'super-cycle'.

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).