Pimco All Asset has long employed a disciplined, valuation-based process for asset allocation and applies a similar approach in many of the underlying holdings. In late 2020, the managers introduced updates that add flexibility to the process and thus create some uncertainty about future performance. Its Morningstar Analyst Rating remains at Neutral for all shares.
Will PAAIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PAAIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PAAIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PAAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.