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Pimco's Asia Wealth Grows, Closed-End Funds Declare Distributions
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Overview
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Pimco's Asia wealth management business experiences rapid growth, driven by rising interest rates and demand for fixed income, leading to a 20% increase in assets. Pimco's closed-end funds declare monthly distributions for their common shares, highlighting the risks involved in investing and providing information on average annual total returns.
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How does Pimco's Asia wealth management business compare to other wealth management firms in the region?
What are the potential risks associated with investing in Pimco's closed-end funds?
What factors contribute to the rise in demand for fixed income in Pimco's Asia wealth management business?
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