PIMCO's fixed income CIO reduces risk on $1trn portfolios as he warns of recession in Europe

Favours EMD to mitigate rising rates

Tom Eckett
clock • 2 min read

Andrew Balls, global fixed income CIO at PIMCO, has said he is continuing to dial down risk across portfolios as issues such as China, rising populism and central bank policy continue to weaken the investment outlook.

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