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I am interested in this fund because of the managers pedigree coming from Thornburg. From what I can tell, they were some of the main factors behind the success of Thornburg Investment Income Builder. I can only assume that this fund will be managed in the same manner. Any thoughts?
Of the two former Thornburg people, Mr. Kinkelaar probably had more direct input on the Thornburg Income Builder fund. He was there 6 years. And Mr. Remily was there only a year. But I would say that Brian McMahon was and is the real team leader of TIBIX. Keep in mind that American Funds' Capital World Growth & Income is the "original" global dividend fund. Thornburg's success, I think, is that it is much smaller ($10B vs $66B), and has had stronger management. But it also really concentrates on the dividend, which American seems to have forgotten. I have no crystal ball with the new PIMCO offering, but it might have some attraction for investors looking for a Thornburg Income Builder type fund that cannot access Thornburg without a commission. Whether Kinkelaar and company are up to the task or not, PIMCOs huge resources should certainly be a help.
Mr. Kinkelaar was at Thornburg for 9 years. He started there before TIBIX started in 2002. He was one of the co-founding portfolio managers of TIBIX. It was really no telling if Mr. Kinkelaar or Mr. McMahon was the real leader --- I'd have to assume both were just about equals in terms of TIBIX fund management.
Mr. Remily was at Thornburg for 5 years. Prior to that he was an equity analyst at Brandes Investments. His most recent position at Thornburg when he left was co-manager of TIBIX for about a year. Prior to co-managing TIBIX, he also managed and co-managed a number of global equity income strategies for institutional clients at Thornburg.
In addition to these 2 --- former Thornburg equity analyst Matt Burdett also joins the PQIDX team as an analyst. At Thornburg he was a global equity generalist focused on income-generating stocks.
PQIDX also added a 3rd co-manager from Pimco's Bond team (Eve Tournier) to help oversee the Fixed-income portion of the fund.
Comments
Mr. Remily was at Thornburg for 5 years. Prior to that he was an equity analyst at Brandes Investments. His most recent position at Thornburg when he left was co-manager of TIBIX for about a year. Prior to co-managing TIBIX, he also managed and co-managed a number of global equity income strategies for institutional clients at Thornburg.
In addition to these 2 --- former Thornburg equity analyst Matt Burdett also joins the PQIDX team as an analyst. At Thornburg he was a global equity generalist focused on income-generating stocks.
PQIDX also added a 3rd co-manager from Pimco's Bond team (Eve Tournier) to help oversee the Fixed-income portion of the fund.
Seems pretty solid to me.