Pacific Investment Management Co. (Pimco) plans to grow its Balanced Income and Growth Fund (PBIG) by 25% to USD2bn in 2025, focusing on expanding its presence in Asia. The multi-asset fund, which follows a 60/40 equity-debt strategy, will be distributed in Taiwan this year, adding to its offerings in mainland China, Hong Kong, and Singapore. Pimco expects the 60/40 allocation to regain traction in Asia as central banks ease monetary policy and investor optimism toward equities rises. PBIG has grown by USD760m over the past nine months, reaching USD1.6bn at the end of January. Pimco is expanding its distribution channels across Asia to attract investors seeking diversified global portfolios with reduced volatility, capitalising on growing demand for balanced investment strategies in the region.