Overview
Description
PIMCO Euro Short Term High Yield Corporate Bond Fund Inc. is an investment vehicle that focuses on providing exposure to European high-yield corporate bonds. Its primary function is to offer investors a means to gain income through strategic allocations in corporate bonds with a higher risk profile and shorter maturity periods, typically below five years. This fund distinguishes itself by concentrating on European issuers, which play essential roles in various industrial sectors, such as manufacturing, finance, and energy, among others. The objective is to capitalize on the higher yields offered by companies with lower credit ratings while maintaining a relatively low duration to minimize interest rate risk.
As part of the broader high-yield bond market, this fund holds significance for investors looking for income enhancement through diversification into European corporate credits. Managed by PIMCO, a leading global investment management firm known for its expertise in fixed income, the fund actively manages credit exposure and interest rate sensitivity, endeavoring to maximize yield while carefully managing risk. Its role in the financial market is vital for investors looking to complement their portfolio with high-yield opportunities across Europe.
About
Address
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Phone
010-204 5721
Website
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Instrument type
ETF
Country
Germany
MIC code
XDUS