Pimco is diversifying its portfolios to reduce its exposure to US assets because of President Donald Trump’s “unpredictable” policies, according to the $2.2tn fund manager’s chief investment officer. More on Pimco’s diversification: Dan Ivascyn told the FT the president’s rapidly changing policies were leading to a “multi-year period of some diversification away from US assets”.
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Nothing unreasonable about it, but it would be nice if the CIO Dan Ivascyn, who was quoted, also said where Pimco was diversifying to…
Pete
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