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PIMCO GIS Global Real Return Inst USD Acc

Ranked 6 out of 52 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 globally. You can view performance in individual jurisdictions.

Performance

Global Inflation Linked over : 31/10/2017 - 31/10/2018
  • Rank 6/52 Total Return
  • Rank 15/52 Standard Deviation
  • Rank 9/52 Max Drawdown
Fund Name Currency Risk
13 NN (L) Global Infl Lkd Bd P Cap EUR Hiii

Currency exposure is hedged

Currency exposure is hedged

EUR

2.5

14 PIMCO Global RealReturn-Wholesale

Currency exposure is hedged

Currency exposure is hedged

AUD

2.5

15 PIMCO GIS Global Real Return Inst USD Acc USD

2.6

16 Swiss Life Funds (LUX) Bd Inflation Prot R

Currency exposure is hedged

Currency exposure is hedged

EUR

2.7

17 SLI Glo SICAV Glbl Inflation-Linked Bd A Acc USD USD

2.7

17 AXA WF Universal Inflation Bonds A C USD USD

2.7

Fund Name Currency Loss
7 HSBC GIF Global Inflation Linked Bond AC USD USD

-1.2%

8 BGF Global Inflation Linked Bond A2 USD USD

-1.2%

9 PIMCO GIS Global Real Return Inst USD Acc USD

-1.3%

10 PIMCO Global RealReturn-Wholesale

Currency exposure is hedged

Currency exposure is hedged

AUD

-1.3%

11 Amundi Interinvest Bd Global Inflation - I16 HU(C)

Currency exposure is hedged

Currency exposure is hedged

USD

-1.4%

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 0.2% 0.1% -0.8%
2017 3.9% 1.1% -0.4% 0.7% 2.4%
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 size396Mn
  • Base currencyUSD
  • ISIN IE0033591748

Purchase Info

  • Min. initial investment10Mn
  • Min. regular additional investment0

Charges

  • Annual management0.49%
  • Initial investment0.49%

Related News

PIMCO’s asset allocation CIO eyes equities and financial credit

Citywire + rated Mihir Worah reveals two top tips for making the most of multi-asset in a world of low long-term rates.

PIMCO’s Worah: QE has successfully staved off deflation threat

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 USD).