EconomyPimco Fund Beating 97% of Peers Cuts ‘Mag Seven’ to Bet on Asia
A top-performing Pacific Investment Management Co. fund is reducing its exposure to the crowded US Big Tech “Magnificent Seven.” Its manager is instead favoring Asian equipment suppliers, Chinese financial companies and healthcare stocks as potential beneficiaries of the AI boom.
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Bloomberg News★★☆☆☆2026-09-04 20:07Original
Pimco Fund Beating 97% of Peers Cuts ‘Mag Seven’ to Bet on Asia
Economy