Latest news with #PIMCO
Bloomberg
4 days ago
- Business
- Bloomberg
‘Devil's in Details' With Trump Intel Stake: PIMCO's Cantrill
Libby Cantrill, PIMCO's Managing Director and Head of Public Policy, says the president may not be able to take a stake in Intel unilaterally, since Congress retains that power under the Constitution. She tells Katie Greifeld and Matt Miller on 'The Close' that this signals the president's willingness to transact and sends a clear message to American companies that engagement with the White House will be important. (Source: Bloomberg)
CNBC
6 days ago
- Business
- CNBC
Fed will begin cutting rates again in September, says PIMCO's Mike Zudzil
Mike Cudzil, PIMCO senior portfolio manager, joins 'Power Lunch' to discuss Cudzil's thoughts on what to expect from the Federal Reserve, if it's behind the curve and much more.
Time of India
08-08-2025
- Business
- Time of India
Facebook-parent Meta's AI ambitions get $29 billion boost from PIMCO and Blue Owl
Meta has reportedly secured $29 billion in funding to expand its data centre footprint in Louisiana as the Mark Zuckerberg-led company continues to invest in AI infrastructure. The financing package is being led by investment firm PIMCO and alternative asset manager Blue Owl Capital. Citing a person familiar with the deal, news agency Reuters reported that PIMCO will manage roughly $26 billion of the debt, likely through the issuance of bonds. Blue Owl will contribute the remaining $3 billion in equity. Bloomberg News was the first to report on the deal. Meta had been collaborating with Morgan Stanley to raise the funds, as per the report. Other firms, including Apollo Global Management and KKR, were also in the running to lead the deal before negotiations concluded. Mark Zuckerberg's Meta plans to spend 'billions' for constructing massive data centres This deal highlights Meta's strategy of finding partners to help finance its significant investments in AI infrastructure. Last week, the company announced its plans to sell approximately $2 billion in data centre assets as part of a new co-development strategy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Eat 1 Teaspoon at Night – Cardiologists Stunned by the Results Break The Weight Learn More Undo Last month, Meta CEO Mark Zuckerberg announced that the company plans to invest 'hundreds of billions of dollars' in constructing several massive AI data centres. The first of these large-scale data centers, Prometheus, is expected to be operational in 2026. Another, named Hyperion, is designed to scale up to 5 gigawatts over the next few years. Lately, the social media giant has been actively involved in a talent war, reportedly offering multi-million-dollar compensation packages to attract top AI engineers from competitors like Google, Apple and ChatGPT-maker OpenAI. 'We have the capital from our business to do this,' he stated, addressing concerns among tech investors about the substantial outlay and its potential returns. He also referenced a Semianalysis report, which suggested Meta is on track to be the first lab to bring online a 1-gigawatt-plus supercluster, a term for a massive data center designed for training advanced AI models. Oppo Pad SE | Budget Android Tablet with Practical Features AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
08-08-2025
- Business
- Yahoo
META: Meta Strikes $29 Billion AI Data Center Deal with PIMCO
Aug 8 - Meta Platforms (NASDAQ:META) has locked in a major financing deal to fuel its AI-driven infrastructure ambitions. The tech giant partnered with PIMCO and Blue Owl Capital (NYSE:OWL) to raise $29 billion for a massive data center expansion in rural Louisiana. According to sources, PIMCO will lead the $26 billion debt component through a bond offering, while Blue Owl Capital will contribute $3 billion in equity. The funding package comes as Meta aggressively scales its infrastructure to support AI services, including generative AI and superintelligence projects. Warning! GuruFocus has detected 6 Warning Sign with META. This deal builds on Meta's previously reported discussions with private credit powerhouses like Apollo Global Management (NYSE:APO), KKR & Co (NYSE:KKR), Brookfield Asset Management (NYSE:BAM), and Carlyle Group (NASDAQ:CG). These firms remain bullish on private, asset-backed investments, especially in the growing data center space. In July, CEO Mark Zuckerberg emphasized Meta's intent to pour hundreds of billions of dollars into AI infrastructure over the next few years. Meanwhile, Meta plans to offload $2 billion in data center assets via co-development partnerships to help share costs. Based on the one year price targets offered by 61 analysts, the average target price for Meta Platforms Inc is $843.05 with a high estimate of $1086.00 and a low estimate of $605.00. The average target implies a upside of +10.66% from the current price of $761.83. Based on GuruFocus estimates, the estimated GF Value for Meta Platforms Inc in one year is $649.27, suggesting a downside of -14.77% from the current price of $761.83. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the forecast page. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-08-2025
- Business
- Yahoo
Is PIMIX a Strong Bond Fund Right Now?
If investors are looking at the Diversified Bonds fund category, PIMCO Income Institutional (PIMIX) could be a potential option. PIMIX carries a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on various forecasting factors like size, cost, and past performance. Objective The world of Diversified Bonds funds is an area filled with options, such as PIMIX. Investors looking for exposure to a variety of fixed income types that stretch across issuers, maturities, and credit levels will find a good fit with Diversified Bonds funds. Typically, these funds have a solid amount of exposure to government debt, as well as modest holdings in the corporate bond market. History of Fund/Manager PIMCO Funds is responsible for PIMIX, and the company is based out of Newport Beach, CA. Since PIMCO Income Institutional made its debut in April of 2007, PIMIX has garnered more than $115.63 billion in assets. The fund's current manager is a team of investment professionals. Performance Investors naturally seek funds with strong performance. PIMIX has a 5-year annualized total return of 4.37%, and it sits in the middle third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 7.29%, which places it in the middle third during this time-frame. It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, PIMIX's standard deviation comes in at 5.94%, compared to the category average of 12.71%. Looking at the past 5 years, the fund's standard deviation is 5.48% compared to the category average of 12.24%. This makes the fund less volatile than its peers over the past half-decade. Bond Duration Modified duration is a measure of a specific bond's interest rate sensitivity, and is an excellent way to judge how fixed income securities will respond to a shifting rate environment. For those that believe interest rates will rise, this is an important factor to consider. PIMIX has a modified duration of 4.72, which suggests that the fund will decline 4.72% for every hundred-basis-point increase in interest rates. Income We must remember to consider the fund's average coupon, as income is traditionally a big reason for purchasing a fixed income security. Average coupon is a look at the average payout by the fund in a given year. For example, this fund's average coupon of 4.91% means that a $10,000 investment should result in a yearly payout of $491. A higher coupon is good for those seeking a strong level of current income, but it could also pose a reinvestment risk if rates are lower in the future when compared to the initial purchase date of the bond. Because income is only one part of the bond picture, investors should also consider risk relative to broad benchmarks. This fund has a beta of 0.61, meaning that it is less volatile than a broad market index of fixed income securities. Taking this into account, PIMIX has a positive alpha of 4.3, which measures performance on a risk-adjusted basis. Ratings Investors should also consider a bond's rating, which is a grade "AAA" to "D" given to a bond that indicates its credit quality. With this letter scale in mind, PIMIX has 74.07% in high quality bonds rated at least "AA" or higher. The fund has an average quality of AA, and focuses on high quality securities. Expenses Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, PIMIX is a no load fund. It has an expense ratio of 0.50% compared to the category average of 0.94%. So, PIMIX is actually cheaper than its peers from a cost perspective. Investors need to be aware that with this product, the minimum initial investment is $1.00 million; each subsequent investment has no minimum amount. Fees charged by investment advisors have not been taken into consideration. Returns would be less if those were included. Bottom Line Overall, PIMCO Income Institutional ( PIMIX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, better downside risk, and lower fees, this fund looks like a good potential choice for investors right now. Don't stop here for your research on Diversified Bonds funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out for more information about the world of funds, and feel free to compare PIMIX to its peers as well for additional information. If you want to check out our stock reports as well, make sure to go to to see all of the great tools we have to offer, including our time-tested Zacks Rank. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (PIMIX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
