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Pimco’s blockbuster fund just got overtaken as Europe’s largest

Market rallies helped AP7 Aktiefond edge ahead of Pimco’s GIS Income in August, allowing it to be crowned Europe’s largest mutual fund

Pimco’s blockbuster fund just got overtaken as Europe’s largest
Photo: Getty Images

A blockbuster investment fund run by Pimco has been replaced as Europe’s largest, with Sweden’s AP7 Aktiefond narrowly seizing the top spot from the US bond giant.

According to data from Morningstar, Pimco garnered €2.8bn of net inflows during August, making it the second best-selling asset management group for the month behind BlackRock.

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