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Pimco Is Said to Eye First Allocation From Saudi Arabia’s Wealth Fund PIF
Source: Bloomberg
Credit & Bond MarketsSovereign Debt & Ratings
Saudi Arabia's nearly $1 trillion sovereign wealth fund is considering raising its allocation to fixed-income assets and awarding an investment mandate to Pacific Investment Management Co. The potential move would signal increased institutional demand for bonds, though no allocation size, timing, or finalized mandate was disclosed.
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