PIMCO To Reduce Expense Ratios

PIMCO is seeking to cut expense ratios.

PIMCO is seeking to cut expense ratios, Investment News reports. The U.S. investment management company is also planning to arm financial advisers with more research and access to its investment managers. PIMCO expects to receive regulatory approval by the end of March for the same. After receiving approval, around 170 sales representatives from Allianz are expected to move over to PIMCO Investments.

Click here for the story from Investment News.