LOS ANGELES: Investment opportunities are growing in Europe as a result of banks cleaning up their balance sheets, while uncertainty surrounds trade tensions with China, according to Pacific Investment Management Co (Pimco) chief executive officer Emmanuel “Manny” Roman.
“There’s an opportunity in Europe stemming from banks,” Roman, whose firm oversaw US$1.77 trillion as of March 31, said in an interview on Monday at the Milken Institute Global Conference in Beverly Hills, California.
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