According to a recent Edgar filing , PIMCO will soon be launching a new fund: PIMCO Global Opportunities Fund .

It’s going to be a global value fund of common and preferred stock. The fund will target equities in one of 3 countries, one of which may be the U.S..

Criteria used for determining whether a stock is undervalued by the market include: asset value, book value and cash flow and earnings estimates.

The Fund considers large and mid cap companies to have a market capitalization greater than $1.5 billion, but the fund is not limited by size and may invest without limitation in securities that are economically tied to foreign countries as well as emerging market countries.

The fund is also not limited solely to stocks and may also invest in U.S. and foreign government debt and other debt securities like bank loans. PIMCO selects such securities on the basis of value and not just rate or rating. This leaves the management team open to high yield bonds (A.K.A. Junk Bonds) and any rating.

As you can see, this is a pretty unlimited fund, and not strictly adhering to any one market cap, investing style or security type but it could make for a good core holding. The folks at PIMCO have a good name, and their bond team are among some of the few to have not only called the mortgage meltdown successfully, but also positioned their funds to take advantage at just the right time.

Since the fund can invest in both equities and debt securities in foreign countries, this opens them up to being susceptible to equity risk, currency risk, leverage risk and pretty much any other kind of risk when investing in anything other than CDs.

PIMCO has not yet named portfolio managers for the fund.

If you’re interested in this fund, feel free to read the whole Edgar filing – it’s informative, but not easily digested for beginners. Still, it’s worth a read if only to acquaint yourself with the kinds of data found in a Form N-1A SEC filing.

• Mutual Fund Monday - Tips For Mutual Fund Investment. With thousands of mutual funds to choose from, picking the "right one" can be a daunting task. Most investors know not to fall for a short term hot streak - one or two years isn't a long enough track record to show superior skill of the management team over sheer......
• 3 Recommended Pimco Bond Funds. Bonds are an important part of any good asset allocation, and here are 3 bond funds from the Pimco firm as recommended in a recent Kiplinger magazine article. PIMCO bond total return (PTTAX). Manager Bill Gross sticks to investment grade, intermediate-term U.S. bonds for this fund. The expense ratio for......
• 6 Tips For the Beginning Investor. Here's a list of some investing insight I've learned over the years that I hope will help accelerate the beginning investor's road to wealth. 1. Don't go all in at once. If you have a lump sum of money to invest and you are doing so when the market is......
• 13 ETFs to Hedge Against Inflation. Inflation is in the news again, thanks to worries over the historic deficit spending in Washington today. If the Fed gets the timing wrong on the next round of interest rate hikes, then inflation could be a real problem. According to a recent working paper by the International Monetary Fund:......
• Mutual Fund Monday: Morningstar Announces their Choice for Fund Managers of the Decade. These managers were chosen by Morningstar as the best of the decade because the "deftly steered investors through good times and bad". That's saying something. Investing in the '80's and 90's was pretty clear cut, but the 1st decade of the 21st century was anything but easy. As with the......

• Investing in a Crisis With so much uncertainty currently present in the marketplace, one of the most vital things that you can do to invest safely in a crisis market is simply to learn from mistakes in the past. Certain sectors of the market may seem incredibly attractive in times of a crisis, it......
• Why Certificates of Deposit Are A Good Idea Today's article is written by guest blogger Jim of Bargaineering. If you've saved up a few dollars and aren't sure if you should put them in the stock market or stick them in your mattress, let me give you another suggestion: put your funds into a certificate of deposit (CD).......
• how to manage money I have an account – several, actually – with TD Ameritrade.  I like TD Ameritrade well enough.  The fees are reasonable for trading and they have a fairly user-friendly interface.  I manage my own money so I’m not looking for many bells and whistles. Yet every time a trickle of......
• Mutual Fund Investing For Dummies Mutual funds are by far the most effective tool average Americans have for achieving financial security.  Diligent saving and a reasonable, disciplined investing strategy over the long term should in most cases result in a comfortable retirement.  Sure, sometimes life gets in the way of retirement savings but by and......
• Why Low Interest Rates Are Bad For You Check out this excellent, excellent video where Ron Paul rips Bernanke a new one. He explains why lowering the interest rates is screwing the US citizens. Low rates leads to a weak dollar which causes inflation (since we import nearly everything from foreign countries). By lowering the rates, the Feds......