GLOBAL - Pension funds globally are "woefully" underinvested in long term bonds, which closely mirror their liabilities, says PIMCO, the US-based fixed income arm of Allianz Global Investors.
Joe McDevitt, head of PIMCO Europe, said: “We are seeing continued demand for long term bonds from pension funds in the UK, Europe and the US. We believe pension funds are still woefully short of t...
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