Pimco Fund Beating 97% of Peers Cuts ‘Mag Seven’ to Bet on Asia
A top-performing fund manager at Pacific Investment Management Co. is betting the next winners of the AI boom will be found outside of crowded US Big Tech firms, turning instead...
By Winnie Hsu and Ruth Carson · Bloomberg Markets
A top-performing fund manager at Pacific Investment Management Co. is betting the next winners of the AI boom will be found outside of crowded US Big Tech firms, turning instead to Asian equipment suppliers, Chinese financials and healthcare stocks.