Investor daily - As the winding back of central bank stimulus creates a "challenging environment" for fixed income globally, investors should take advantage of actively managed, unconstrained bond strategies, says PIMCO.

Speaking to InvestorDaily, PIMCO senior vice president and product manager Lisa Kim said the firm's high-conviction portfolio themes are being packaged as part of a more 'unconstrained' strategy – a theme that was highlighted in a recent Zenith Investment Partners review of the sector in Australia.

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