PIMCO has launched an income strategy targeting investments with strong environmental, social and governance (ESG) credentials, while aiming to maintain consistently high level of dividends for investors.

The PIMCO GIS ESG Income Fund will be managed by a team of senior portfolio managers that averages more than 20 years per member, this includes:

Joshua Anderson - managing director

Jing Yang - executive vice president

Jelle Brons - executive vice president

Dan Ivascyn - PIMCO group chief investment officer and managing director

Alfred Murata - managing director.

The freshly unveiled product is the latest addition to PIMCO’s GIS income suite and ESG fund offerings.

Currently, the income suite includes the GIS Income Fund and the GIS Low Duration Income Fund, while the ESG range includes GIS Global Bond ESG Fund, the GIS Emerging Markets Bond ESG Fund, and the GIS Climate Bond Fund among others.

Like other products in the Income Suite, the PIMCO GIS ESG Income Fund pursues a global, multi-sector and flexible approach, while being dedicated to ESG-related investments for those who want to pursue income from more sustainable sources.

Mr. 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 GIS ESG Income Fund brings PIMCO’s leadership in income investing to clients who want a unique, dedicated ESG strategy.”

PIMCO has been investing in socially responsible investments since 1989 and launched its first ESG-dedicated funds in 2017. PIMCO’s sustainable assets under management have grown to $617 billion, as of March 31 2021.