PIMCO’s New Institutional Interval Fund

PIMCO Flexible Credit Income Fund an interval fund seeking to raise $1 billion, went effective on February 9.

The Fund’s strategy is true to its name:  flexible asset allocation across a wide variety of global credit sectors including, corporate , mortgage, consumer, emerging market, and municipal credit.  PIMCO will shift the allocation based on market conditions, valuation assessments, economic outlook, credit market trends , and other economic factors.

According to the Prospectus: