Pimco Says Rally Sweeping Emerging Markets to Last ‘for Years’

For one of the world’s largest bond managers, the rally that swept through emerging markets last year was a prelude to a longer-lasting trend.

“This is a playbook that will last for many years,” Pramol Dhawan, head of emerging markets portfolio management at Pacific Investment Management Co., said in an interview in New York. “We’re not interested in taking chips off the table. Not at all.”