Pimco Buys Bullish Europe Stock Options on Brexit Mispricing Bet

  • Polls show vote a close call, but odds point to U.K. staying
  • Investors became “overly cautious,” Pimco’s Sundstrom says

Pacific Investment Management Co. has been buying up bullish European equity derivatives ahead of tomorrow’s U.K. referendum and may increase its allocation to stocks should Brits decide to stay in the European Union.

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