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18.08 - 13:17
Pimco hit with $30bn outflows as bond giant takes a beating
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fnlondon.comClients of bond giant Pimco pulled out the equivalent of nearly $30bn in the second quarter, a sign of investor flight amid interest-rate hikes.
Parent company German insurer Allianz said 5 August that the outflows were in line with overarching market trends. Pimco is one of the world’s largest fixed-income investors with more than $1tn in assets under management.
Pimco's...
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