What is PIMCO Global Advantage? Is it a strategy or an index?
El-Erian: Global Advantage is a fixed income approach designed to help investors seize the opportunities created by the dramatic secular shifts taking place in the global economy. The approach consists of an innovative, forward-looking index and an investment strategy built around that index. The new index – the PIMCO Global Advantage Bond Index (GLADI) – offers investors a wider spectrum of fixed income opportunities and sectors, from developed to emerging markets, nominal to real (inflation-linked) assets, and cash to derivative instruments. The actively managed Global Advantage strategy combines the “beta” of GLADI with an alpha strategy driven by PIMCO’s combination of top-down macro analysis and bottom-up depth of resources across market sectors and geographies. The result is a bond strategy that can potentially enhance returns and reduce volatility, while simultaneously positioning investors for the secular global destination of tomorrow. Q: Why do investors need another fixed in
