PIMCO targets Asia retail market

The $200 billion fixed-income fund giant teams up with HSBC for the first time.

PIMCO, the Newport Beach, California-based bond fund house, is targeting retail investors in Asia ex-Japan for the first time, says Brian Baker, CEO and director at PIMCO Asia in Singapore. PIMCO already manages $8 billion of Asian institutional client money and wants to expand to retail. Were testing the waters, he says, by teaming up with distributor HSBC to offer a clone of the firms US flagship product, the Total Return fund.

This US product, managed...

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