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Pimco rules out acquisitions as equity strategy
Published Sun, Jan 11, 2015 · 09:50 PM
Frankfurt
PIMCO will not make acquisitions as it seeks to expand its equities business, an executive of Allianz's bond fund managing unit told a German weekly on Saturday.
The fund manager has been determined to push into equities as it aims to move into other asset classes in anticipation of an end to a three-decade long bond rally.
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