
Pimco fund shifts to tech stocks after success in Chinese market
By
Svenja Müller
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Pacific Investment Management Co.’s quantitative fund, despite China’s slumping stock market, is now turning its attention to the underperforming tech giants after delivering notable returns. Chris Brightman, the chief investment officer at Research Affiliates LLC and a co-manager of some Pimco funds, stated that they are considering integrating these positions into their portfolios due to the attractive valuations. This move comes after their success in the Chinese market, reflecting the potential for growth in the tech sector despite recent challenges.