PIMCO's Kiesel: Management Change, but Fund Stays the Same
Bill Gross' departure and the subsequent outflows have not changed the management process of PIMCO Total Return, says PIMCO's Mark Kiesel.
Sumit Desai: Hi, I'm Sumit Desai, fixed-income analyst at Morningstar's manager research group. Joining me today is Mark Kiesel. Mark is chief investment officer of global credit and head of global credit portfolio management for PIMCO. He's the lead portfolio manager for PIMCO Investment-Grade Corporate Bond Fund (PBDAX) and the Long-Term Credit Fund (PLCPX) and a co-portfolio manager in the PIMCO Total Return Fund (PTRRX). Mark, thanks for joining me today.
Mark Kiesel: Thank you.
Sumit Desai, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.