"In our base case, we see a weakening of the U.S. economy in late summer or fall that will likely prompt the Fed to pause rate hikes past July." — Alfred Murata, PIMCO
Find out which contributors and detractors contributed to the portfolio's performance in July, and learn more about sector allocation, Fund statistics and the portfolio manager's outlook and strategies.
Contributors
- Exposure to investment grade and high yield corporate credit
- Exposure to securitized credit, including Agency and non-Agency MBS
- Exposure to emerging market (EM) external debt
- Exposure to a basket of EM currencies
Detractors
- Exposure to U.S. duration
| Warning, documents for advisor use only: Reported performances are for the mutual fund Class A units, and the difference between the Class A and the segregated funds performances are primarily due to the management fees. |
MBS: Mortgage-and asset-backed securities
Alfred Murata
Portfolio manager, PIMCO
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Segregated fund managed:
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The information provided herein does not constitute financial, tax or legal advice. Investors should always consult a licensed financial advisor before making any investment decisions. The commentary on a Fund is provided by the portfolio manager who is responsible for managing the Fund's investment portfolio as specified in the Information Folder and the Fund Facts document ("Portfolio Manager"). Statements made by the Portfolio Managers represent their personal views and do not necessarily reflect the views of iA Financial Group and should not be construed otherwise. This information does not constitute a recommendation to buy or sell any particular security. Results are for illustrative purposes only. Fund managers may buy and sell securities at any time, and the value of the securities they hold may rise or fall. Past performance of a security may not be repeated. Unless otherwise indicated, the information is from the portfolio manager. Forward-looking statements are based on the portfolio manager's outlook at the time they are made. Actual events may differ. iA Financial Group assumes no obligation to update the information provided herein. The information contained herein may not reflect all of the terms, conditions and risks of investing in segregated funds. Please read the Information Folder and the Fund Facts document for more details on the specific risks of investing in segregated funds.
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