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Thursday, January 27, 2011

Pimco Plans to Slash Expense Ratios on its Funds

News summary by MFWire's editors

Pimco [see profile] executives plan to reduce expense ratios on retail shares of the Newport Beach, California-based firm's funds, InvestmentNews reports.

Jon Short
Pimco Investments
Chairman and Managing Director
The firm is currently awaiting regulatory approval to set up its own broker-dealer called Pimco Investments, which is expected by the end of March.

"Individual investors are becoming even more important, and we feel that to provide our clients with the best investment experience, this is a natural evolution, Jon Short, chairman and managing director of Pimco Investments, told the pub.

He did not provide specifics on the planned expense ratio reducations. 

Edited by: Hung Tran

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