PIMCO: The size of the 60/40 stock and bond strategy fund is expected to increase by 25% this year, attracting more Asian investors.

Pacific Investment Management Company (PIMCO) seeks to increase the assets under management of a multi-asset mutual fund by 25% to $2 billion (approximately HK$15.6 billion) this year, betting that the 60/40 stock-bond allocation strategy will attract more Asian investors. Marcio Bogoricin, Head of Global Wealth Management at PIMCO Asia (excluding Japan), stated that after launching in mainland China, Hong Kong, and Singapore, the company's balanced income and growth funds will also be launched in Taiwan this year. In an environment of high inflation and interest rate hikes by the Federal Reserve in recent years, the performance of the 60/40 stock-bond allocation strategy has been poor. However, Bogoricin believes that last year was a year for fixed income, and with market sentiment more positive towards stocks this year, the 60/40 strategy is expected to regain favor.