PIMCO Launches New ESG Income Fund

Mark Segal October 1, 2020

Leading fixed income investment management firm PIMCO announced the launch of the PIMCO ESG Income Fund. The new fund will target investments with strong ESG credentials, while aiming to maintain a high and consistent level of dividend income for investors. The fund will pursue a global, multi-sector and flexible approach, while remaining uniquely dedicated to ESG-related investments for those who want to pursue income from more sustainable sources.

PIMCO stated that the new fund will be managed by a team of senior portfolio managers averaging more than 20 years of investment experience, including Joshua Anderson, Managing Director; Jing Yang, Executive Vice President; Jelle Brons, Executive Vice President; Dan Ivascyn, PIMCO Group Chief Investment Officer and Managing Director; and Alfred Murata, Managing Director.

Ivascyn said:

“In a lower-for-longer investment environment, PIMCO is well positioned as an active manager to find compelling opportunities in a rapidly evolving investment landscape that includes greater demand for strategies targeting sustainable investments. The addition of the PIMCO ESG Income Fund brings PIMCO’s leadership in income investing to clients who want a unique, dedicated ESG strategy.”

The new PIMCO ESG Income Fund adds to the investment manager’s suite of sustainability-themed products, including the Total Return ESG Fund, the Enhanced Short Maturity Active ESG Exchange-Traded Fund, and the Climate Bond Fund, among several others.

Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.