PIMCO Emerging Mkts Lcl Ccy and Bd A (PELAX)
PIMCO Emerging Mkts Lcl Ccy and Bd A operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $6.16, up 0.16% on the session, giving a market capitalisation of $2.68B. Its beta of 1.23 implies it has historically moved more than the broad market.
This PIMCO fund primarily invests a minimum of 80% of its assets in the currencies of, or debt instruments (bonds) issued by or denominated in the currencies of, emerging market nations. To gain this exposure, the fund has the option to utilize various derivative tools like options, futures, forward contracts, and swap agreements. Furthermore, it can invest without any limitation in debt instruments that are economically tied to these developing markets. Notably, the fund is structured as a non-diversified offering.
PIMCO Emerging Mkts Lcl Ccy and Bd A is most often compared with the following Financial Services names: