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NEWPORT BEACH, California (July 11, 2014) - PIMCO, a leading global investment management firm, announces that its assets under management increased to $1.97 trillion at the end of the second quarter, up from $1.94 trillion at March 31. Assets under management are up $53.2 billion year-to-date through June 30, 2014, up from $1.919 trillion as of December 31, 2013.
PIMCO’s second quarter AUM increase was the result of market performance and PIMCO’s alpha generation. Of the $1.97 trillion AUM at June 30, third-party client assets accounted for $1.55 trillion, up from $1.54 trillion at March 31.
“PIMCO continues to deliver what our clients have come to expect from us over the last 43 years – alpha generation and robust risk management, backed by insightful investment commentary,” said PIMCO Managing Director and Chief Executive Officer Douglas Hodge.
Overall, 81% of PIMCO’s assets under management have outperformed their benchmark on a trailing 12-month basis; 86% have outperformed their benchmark on a trailing 3-year basis; and 94% have outperformed their benchmark on a trailing 5-year basis (before fees).
“While performance matters, repeating it matters more. We remain intensely focused on our mission of managing risk and delivering returns for our clients,” added Mr. Hodge.
PIMCO is a leading global investment management firm, with offices in 13 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.
After fees, 72% of PIMCO’s assets under management have outperformed their benchmark on a trailing 12-month basis; 75% have outperformed their benchmark on a trailing 3-year basis; and 92% have outperformed their benchmark on a trailing 5-year basis.
Benchmark outperformance was calculated as follows: The performance of each account was calculated for the period indicated, and for the after fees performance the actual investment management fee for each account at that point in time was deducted. The resulting performance was then compared to the previously-selected benchmark for the investment strategy according to which the account was managed. If the account performance was greater than the benchmark performance for a given period, the assets in that account were included in the outperforming assets under management (AUM). Benchmark outperformance indicates the performance of an account as compared to its benchmark, as described above. As such, it does not indicate that an account’s performance was positive during any given period. For example, if an account declined 3% during a given period, and its benchmark declined 4%, the account would have outperformed its benchmark, even though it lost value during the period. No measure of past performance should be understood to ensure that future performance will be positive, whether on a relative or absolute basis. All investments carry risks, including the risk of the loss of money invested.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.
This material contains the current opinions of the author and not necessarily PIMCO and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO and YOUR GLOBAL INVESTMENT AUTHORITY are trademarks or registered trademarks of Allianz Asset Management of America L.P. and Pacific Investment Management Company LLC, respectively, in the United States and throughout the world. ©2014, PIMCO
* Effective March 31, 2012, PIMCO began reporting the assets managed on behalf of its parent’s affiliated companies as part of its assets under management.
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No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Pacific Investment Management Company LLC, 650 Newport Center Drive, Newport Beach, CA 92660, 800-387-4626. ©2015, PIMCO.
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