Newport Beach, Calif.-based Pacific Investment Management Company, LLC, (PIMCO), announced on Monday the launch of two funds: PIMCO Balanced Income Fund (Canada) and the PIMCO Investment Grade Credit Fund (Canada)

The funds are designed to offer attractive income opportunities for investors looking for higher returns in a low interest rate environment, says PIMCO in a statement.

PIMCO Balanced Income Fund (Canada) will be managed by Alfred Murata, managing director and portfolio manager; Daniel Ivascyn, managing director and group chief investment officer; Brad Kinkelaar, executive vice president and portfolio manager; and Adam Muller, senior vice president and portfolio manager.

This fund aims participate in attractive income opportunities in the global equity and fixed income markets while striving to dampen volatility found in many traditional balanced and equity strategies, PIMCO says. The managers have the flexibility to access a broad range of securities across the capital structure while incorporating the firm’s macroeconomic views into their strategy.

PIMCO Investment Grade Fund (Canada) will be managed by Mark Kiesel, chief investment officer Global Credit.

This fund also aims to provide investors with greater income potential by investing primarily in high-quality corporate bonds. It seeks to enhance returns through active management and the flexibility of investing in some non-corporate debt and high-yield exposure to companies that appear to be improving their creditworthiness.

A Front End series of the PIMCO Balanced Income Fund (Canada) trade under the fund code PMO010. Additional series include A Low Load series (PMO110), F (fee based) series (PMO210), O series (PMO410) and M (fee based) series (PMO510). The U.S. dollar A front End series trade under the fund code PMO2010. Additional U.S. dollar series include A Low Load series (PMO2110), F (fee based) series (PMO2210), O series (PMO2410) and M (fee based) series (PMO2510).

A Front End series of the PIMCO Investment Grade Credit Fund (Canada) trade under the fund code PMO011. Additional series include A Low Load series (PMO111), F (fee based) series (PMO211), O series (PMO411) and M (fee based) series (PMO511). The U.S. dollar A front End series trade under the fund code PMO2011. Additional U.S. dollar series include A Low Load series (PMO2111), F (fee based) series (PMO2211), O series (PMO2411) and M (fee based) series (PMO2511).