ICD Adds PIMCO Bond Fund to Portal
A press release entitled, "ICD and PIMCO Announce Strategic Product Distribution Partnership," reads, "ICD, the world's largest independent SaaS portal for institutional trading and investment risk management and PIMCO, a leading global investment management firm, have entered into an agreement for distribution of PIMCO Short Asset Investment Fund (PAMSX) and Government Money Market Fund (PGFXX) on ICD PORTAL, increasing product options and diversification alternatives for ICD clients' short-term liquidity portfolio strategies. Jeffrey Jellison, ICD CEO North America said, "We are excited to offer the PIMCO Government Money Market Fund and Short Asset Investment Fund on ICD PORTAL. PIMCO's macroeconomic outlook, extensive global resources and expertise in managing short-duration fixed income portfolios are recognized and highly respected by investors worldwide. PIMCO's products are excellent additions to our liquidity line up." The Government Money Market Fund is PIMCO's most conservative cash/liquidity vehicle. The fund offers among the highest 30-day and 7-Day yields in the Institutional Government MMF category. PIMCO's Short Asset Investment Fund focus is delivering returns in excess of money market strategies with an explicit emphasis on capital preservation. PIMCO's global liquidity platform offers both the benefits of large scale and market access. "PIMCO has the expertise for delivering low volatility while seeking higher returns over money market funds," said Jerome Schneider, PIMCO Managing Director, Head of Short-Term Funds and 2015 US Morningstar Fixed-Income Manager of the Year said. The ICD/PIMCO product distribution agreement continues the steady product expansion on ICD PORTAL as regulatory reform nears finalization in October 2016." Jellison adds, "2016 has ushered in a new era of investment and risk management. PIMCO's focus on preserving and enhancing investor assets with innovative institutional funds will be a welcomed addition by our global clients." Note: PIMCO Govt MMF currently holds $207 million while PIMCO Short Asset Inv Fund Inst holds $425 million in assets.
