Pimco’s International Clients Seek to Diversify Away From US

Pacific Investment Management Co.’s international clients are seeking to diversify away from US markets amid geopolitical shifts and as a prolonged equity rally increases their exposure to the world’s largest market, according to Christian Stracke, the company’s president.

“What we see is an ask for something other than just the US,” Stracke said in an interview Monday with Bloomberg TV on the sidelines of the Milken Institute Global Conference in Beverly Hills, California. “What else is there? Global, fixed income, emerging markets, also alternatives outside of the United States.”