Pimco Fund Beating 97% of Peers Cuts 'Mag Seven' to Bet on Asia
A top-performing Pimco fund manager, whose fund is outperforming 97% of its peers, is shifting strategy away from the 'Magnificent Seven' US tech stocks to capitalize on AI growth opportunities in Asia. The manager believes the next wave of AI winners will be Asian equipment suppliers, Chinese financial firms, and healthcare stocks rather than established US Big Tech companies.
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Pimco Fund Beating 97% of Peers Cuts ‘Mag Seven’ to Bet on Asia
A top-performing Pimco fund manager, whose fund is outperforming 97% of its peers, is shifting strategy away from the 'Magnificent Seven' US tech stocks to capitalize on AI growth opportunities in Asia. The manager believes the next wave of AI winners will be Asian equipment suppliers, Chinese financial firms, and healthcare stocks rather than established US Big Tech companies.
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