PIMCO has announced the launch of the PIMCO GIS Global Bond Opportunities Fund (“GBOF”), a flexible, global core bond strategy within the PIMCO GIS UCITS range, designed for investors navigating an increasingly more complex macroeconomic environment.
GBOF seeks to unlock the full potential of the global bond market by dynamically allocating across regions, yield curves, sectors and currencies. It builds on PIMCO’s established global bond capabilities, leveraging a platform managing more than $150 billion in global bonds[1].
Positioned alongside PIMCO’s flagship global bond strategies, GBOF is designed for investors seeking a more flexible core fixed income allocation, while drawing on the same global investment process and portfolio management team that underpin the broader PIMCO Global Bond suite.
Unlike traditional benchmark-aware core bond solutions, GBOF is not designed to track a bond market index[2]. It seeks core bond characteristics — including a positive duration anchor, an up-in-quality bias and a focus on capital preservation — while offering greater flexibility across rates, credit, securitized and currency strategies.
“With global bond yields near their highest levels in over a decade, we believe today’s fixed income landscape offers a compelling opportunity for active investors,” says Andrew Balls, Managing Director and CIO Global Fixed Income. “At the same time, we believe a more complex global backdrop means flexibility is increasingly important when building a core bond allocation. Asynchronous monetary policy cycles, fiscal policy divergence, and geopolitical tensions are creating different dynamics across regions, curves, and sectors. A flexible strategy that can dynamically allocate across these dimensions is well positioned to capture investment opportunities as they arise.”
GBOF will be managed by a team of four portfolio managers: Andrew Balls, Managing Director and CIO Global Fixed Income, Sachin Gupta, Managing Director and Portfolio Manager; Lorenzo Pagani, Managing Director and Portfolio Manager; and Martin Svorc, Executive Vice President and Portfolio Manager.
GBOF is available in the UK, Switzerland, Germany, Austria, Italy, France, Spain, Netherlands, Belgium, Luxembourg, Sweden, Norway, Denmark and Finland, amongst others.
[1] As at 31 March 2026
[2] However, the Fund intends to measure its performance against the Bloomberg Aggregate Index. The Fund is considered to be actively managed in reference to the benchmark.
