Allianz, Pimcos's parent company, posted a fall in net profit

Clients of bond giant Pimco pulled out the equivalent of nearly $30bn in the second quarter, a sign of investor flight amid interest-rate hikes.

Parent company German insurer Allianz said 5 August that the outflows were in line with overarching market trends. Pimco is one of the world’s largest fixed-income investors with more than $1tn in assets under management.

Pimco hit with $30bn outflows as bond giant takes a beating

Julie Steinberg

Allianz

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