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Pimco Income expands to largest ‘bond mutual fund’

  Bloomberg Dan Ivascyn’s Pimco Income Fund keeps raking in money. The fund, co-managed by Ivascyn and Alfred Murata, celebrates its 10th anniversary this week by becoming the largest actively managed fixed-income mutual fund with $79.1 billion, according to Pimco’s website. Pimco Income passed Metropolitan West Total Return Bond Fund as investors added approximately $3 billion in March, a monthly ...

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Cyprus looks to shed junk rating with economic rebound

  Bloomberg Cyprus wants investors to see it as a comeback kid. With an accelerating economy, the island nation that was forced to seek a bailout and impose a levy on bank deposits in 2013 is betting on an end to its junk rating. That should make it an attractive place for investors, the country’s leaders are saying. “What has ...

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Chinese stocks are becoming world-beating dividend play

  Bloomberg To get in on the hottest equity trade in China right now, you’ll have to be quick. Dividends are emerging as a key lure for investors in the world’s second-largest share market, with stocks of companies that consistently hand out the most cash outperforming the Shanghai Composite Index by the most since 2013. The catch? These plays are ...

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