The PIMCO Foreign Currency Strategy Exchange-Traded Fund (Ticker: FORX) is an actively managed portfolio providing exposure to foreign currencies. FORX is likely to benefit if the U.S. dollar depreciates. FORX will primarily invest in currencies, currency forwards, or fixed income securities denominated in the currencies of foreign (non-U.S.) countries. FORX intends to limit its exposure to any one currency to 20% and to maintain a portfolio duration between zero and three years.
Dr. Kressin is a senior vice president and head of the European foreign exchange desk in the Munich office. He is also a member of the European Portfolio Committee. He joined the Allianz Group in 1998 and PIMCO in 2002. Until 2009, he worked as co-head of the global desk in Munich, with a special focus on currencies. Previously, he supported the private client asset management division of Dresdner Bank AG in Berlin. He has 24 years of investment experience and holds a master’s degree in business administration from the Technical University in Berlin, Germany, and a Ph.D. from the Technical University Cottbus.
Mr. Gupta is an executive vice president and portfolio manager in the Newport Beach office and manages global portfolios. Previously, he was in the London office and managed European LDI portfolios. Additionally, he was part of PIMCO’s global portfolio management team in the Singapore office. In these roles, he focused on investments in government bonds, sovereign credit derivatives and interest rate derivatives across developed markets. Prior to joining PIMCO in 2003, he was in the fixed income and currency derivatives group at ABN AMRO Bank. He has 17 years of investment experience and holds an MBA from XLRI, India. He received an undergraduate degree from Indian Institute of Technology, Delhi.
Mr. Balls is PIMCO's CIO Global Fixed Income. Based in the London office, he oversees the firm’s European, Asia-Pacific, emerging markets and global specialist investment teams. He manages a range of global and European portfolios and is a member of the Investment Committee and the Executive Committee. Previously, he was head of European portfolio management, a global portfolio manager in the Newport Beach office and the firm’s global strategist. Prior to joining PIMCO in 2006, he was an economics correspondent and columnist for the Financial Times in London, New York and Washington, DC. He has 16 years of investment and economics/financial markets experience and holds a bachelor's degree from Oxford and a master's degree from Harvard University. He was a lecturer in economics at Keble College, Oxford. Mr. Balls was nominated by Morningstar in 2013 for European Fixed-Income Fund Manager of the Year.