PIMCO in Big Canadian Push: Sources

PIMCO co-Chief Investment Officer Bill Gross is said to be planning to one-up himself on touting Canadian companies as good fixed income opportunities; he is planning a big expansion into Canada.

PIMCO is preparing to offer at least five mutual funds, sources tell The Globe and Mail. PIMCO’s current Canadian office has focused primarily on pension plans. But in the U.K., PIMCO is expanding that reach to include retail investors, and the company is reportedly doing the same up North.