Pimco Invests Heavily on China Stocks Expecting Further Growth

Pimco Invests Heavily on China Stocks Expecting Further Growth

Pacific Investment Management Co., manager of the world?s largest mutual fund, is buying Chinese stocks on the prospect for earnings growth as monetary tightening eases.

The emerging-market equity fund has a ?large overweight in China,? where financial and property stocks are attractive and Pimco has a ?favorable view of the yuan,? said Maria Gordon, who was hired last year to manage the fund. An underweight rating in Brazil reflects ?better value elsewhere,? and some shares in India and Turkey are ?likely to become cheaper before they start to rise,? she said.

Source: Pimco Invests Heavily on China Stocks Expecting Further Growth