Allianz Gilt Yield - Under Review

FUND RESEARCH UPDATE: Fund rating moved to Under Review

Ruli Viljoen 29 September, 2014 | 1:25PM
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Following the announcement of Chief Investment Officer Bill Gross’ immediate departure from PIMCO to Janus Capital, we have placed the fund’s Morningstar OBSR Analyst Rating™ Under Review. The fund previously held a Bronze rating. The management of the Allianz Gilt Yield fund is sub-advised by PIMCO. Mr Gross’ key role in shaping PIMCO’s bond strategy and in the firm’s management has led us to review all of our PIMCO fund ratings. Following CEO/co-CIO Mohamed El-Erian’s departure in March, PIMCO named six deputy CIOs in order to make a more orderly plan of succession. They are Andrew Balls, Dan Ivascyn, Mihir Worah, Mark Kiesel, Scott Mather, and Virginie Maisonneuve. These six will play key roles in the wake of Mr Gross’ departure. We will meet with PIMCO management in the coming weeks to assess the impact of this change on the fund.

See the latest Morningstar OBSR fund rating news here.

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About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK

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