PIMCO Launches Long-Term Credit Fund

The PIMCO Long-Term Credit Fund is designed to offer investors a way to benefit from the attractive yields available on longer-dated corporate debt, PIMCO said. It also offers a liability-driven investing (LDI) tool for pension plans, insurance companies, and other investors that are engaged in efforts to better match their assets to their long-term obligations, according to the company.

The fund is managed by Mark Kiesel, managing director and global head of PIMCO’s corporate bond portfolio management group. The ticker symbol for institutional shares of the PIMCO Long-Term Credit Fund is PTCIX.