February 3, 2012 in Asset-Allocation, ETFs, Headline, Inv, Investments, Mutual-Funds, Portfolios by Young Owl
PIMCO Global Multi-Asset Fund (PGMAX), managed by PIMCO?s CEO?Mohamed A. El-Erian and?Curtis Mewbourne, is designed to avoid tail risk while achieving reasonable returns.?It is a good fund for asset allocation watch, especially for investors who are keen on global and diversified asset allocation in their retirement investment portfolios such as 401K investments, IRA investments or variable annuity investments.
The following shows its breakdown in allocations (see?PGMAX website):
Top Strategies (%)
as of 12/31/11
The following shows its recent allocation correlations on?SmartMoneyIQ Managers:
| Date | IntlBond | CASH | USBond | IntlStk | USStk |
|---|---|---|---|---|---|
| 2012-01-06 | 0 | 44.21 | 13.91 | 31.05 | 10.83 |
| 2012-01-13 | -0 | 16.17 | 36.58 | 28.2 | 19.05 |
| 2012-01-20 | 0 | 2.46 | 47.85 | 27.22 | 22.47 |
| 2012-01-27 | 0 | 0 | 50.61 | 28.8 | 20.6 |
One can see that it has maintained steady allocations in stocks (about 49%).
The following shows how the fund is compared with two diversified ETF asset allocation portfolios:
Fund Performance Comparison (as of 2/2/2011)
Portfolio Compare Link
Three Year Chart
The fund?s return has been very steady since its inception.
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