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Global investors are turning to China again in search of alternatives to crowded US asset markets, with Pimco seeing Chinese bonds as one of the safest ways to diversify portfolios after sentiment towards the worldโs second-largest economy โflipped 180 degreesโ. The US-based asset manager, which oversaw more than US$2 trillion in assets by the end of June, had been pointing its clients, particularly those outside the United States, towards Chinese offshore bonds, according to its president,...
Pacific Investment Management Co. is facing losses of around 70% on a commercial mortgage-backed security tied to a two-tower office complex in downtown Philadelphia.
Saudi Arabiaโs nearly trillion-dollar wealth fund, one the worldโs biggest sovereign investors, is considering increasing its allocation to fixed income assets and award a mandate to Pacific Investment Management Co.
Pimco CEO Emmanuel Roman says, โthe moment that we get to a better outcome in the Middle East, youโll see a release of the bond market and rates to go down.โ Roman also sees inflation and the inflation shock as โsomehow transitoryโ in relation to whatโs happening in the Middle East. He speaks with David Gura at the 2026 Qatar Economic Forum, UNGA Special Edition; Powered by Bloomberg. (Source: Bloomberg)