PIMCO’s Global Credit Opportunity strategy (GCOS) aims to provide investors with pure credit alpha across multiple credit markets. By focusing on relative value strategies and owning highly diversified assets, GCOS is expected to have very low correlation to traditional market betas. GCOS represents PIMCO’s best relative value credit ideas and seeks to take advantage of opportunities in the broader global credit markets, including U.S. corporate credit, European corporate debt, high yield bonds, emerging market debt and a broad range of asset-backed securities.
PIMCO’s experience, expertise and global resources enable us to identify and seek to exploit multiple, diversified sources of potential returns in the global credit markets. Bottom-up relative value strategies draw on the expertise of PIMCO’s specialist teams to capitalize on market mispricings within and across different credit markets.