Virtually all indices retreated last week as investors fretted over global growth prospects and escalating worries about Greece.
Stocks were up Friday and for a second straight week.
The fund underperformed the index in February. Security selection in the energy and health care sectors detracted from returns.
The fund underperformed the index during the month as the earnings season added volatility to certain holdings.
We are writing to inform you that the appointment of PIMCO Europe Limited as the subinvestment advisor of PIMCO Funds: Global Investors Series plc - Global Bond Fund was effective on 19 Dec 2014. Please find enclosed the PIMCO Shareholder Notice for your kind attention, which has just been received from PIMCO. We apologize for the delay in the issuing of this notice to you.
We are writing to inform you that the maximum exposure limit to emerging markets securities in respect of the abovementioned Funds is to increase from 10% to 15%. The rationale behind this change is twofold. First, as emerging markets have experienced a secular trend improvement in credit fundamentals and on average have experienced less volatility than in years past, increased investment flexibility in relation to these markets is desirable. Second, given emerging market bonds’ lower correlation and generally higher yields than bonds of developed countries with comparable fundamentals, broadening discretion to invest in the asset class may help diversify the Funds and provide a better risk/return profile.
Notice is hereby given that the Annual General Meeting of Shareholders (the "Meeting") of Schroder International Selection Fund (the "Company") will be held at the registered office of the Company on Tuesday, 26 May 2015, at 11:00 a.m. Luxembourg time, with the following agenda: