Products September 15, 2010

CPI Adds Delaware Investments Funds to Platform

CPI Qualified Plan Consultants, Inc. announced that the Delaware Investments family of mutual funds has been added to its retirement plan platform.
Reported by

Delaware Investments, a member of Macquarie Group, is a U.S.-based diversified asset management firm with more than $135 billion in assets under management as of June 30, 2010. The firm manages assets across all major asset classes for institutional and individual investors, according to the announcement.

 

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Products September 15, 2010

New PIMCO Offering Provides Global Exposure to High Yield Securities

PIMCO has launched the PIMCO High Yield Spectrum Fund.
Reported by

The PIMCO High Yield Spectrum Fund is an actively managed portfolio that aims to take advantage of the full global opportunity set of high yield securities. The fund is managed by Andrew Jessop, executive vice president and global head of PIMCO’s high yield portfolio management group.  

The fund offers both institutional and individual investors the potential for enhanced returns through a global exposure to the full high yield credit quality spectrum, while at the same time seeking to mitigate risks presented by some lower credit-quality bonds.   

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A press release said the fund’s benchmark is The Bank of America/Merrill Lynch Global High Yield Constrained Index. According to the announcement, the global high yield universe is over 20% larger than the U.S. high yield market.   

The fund’s Institutional shares trade with the ticker PHSIX. Additional tickers include “A” shares (PHSAX), “C” shares (PHSCX), “D” shares (PHSDX), and “P” shares (PHSPX).  

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