Pimco’s Asia Wealth Assets Jump 20% on Demand for Fixed Income
- Asia-Pacific assets reach $60 billion, 12% of global total
- Pimco Asia clients becoming more interested in private credit
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Pacific Investment Management Co.’s wealth-management business in Asia has grown this year at the fastest pace since 2018, bolstered by rising demand for fixed-income funds.
Wealth management assets for Asia ex-Japan rose 20% as of August from the end of last year, said Marcio Bogoricin, Pimco’s executive vice president. The firm’s Asia-Pacific total assets under management for this portion of the business have now reached about $60 billion.