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Pimco fund that beats 97% of the market cuts "magnificent seven" to bet on Asia
Business
Инвестиции

Pimco fund that beats 97% of the market cuts "magnificent seven" to bet on Asia

Jornal de Negócios5 September 2026 at 19:00

The Pimco 60/40 Balanced Income and Growth Fund managed to outperform 97% of the market, according to the article. Portfolio manager Emmanuel Sharef explained to Bloomberg that the fund reduced its position in most "hyperscalers" and the "magnificent seven". This decision is due to the high valuations of these technology companies. Instead, the fund is betting on Asia as an investment alternative.

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