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PIMCO opens three new fund-of-funds

PIMCO Funds Distributors LLC of Stamford, Conn. announced the introduction of the PIMCO Funds Asset Allocation Series - three actively managed mutual funds that invest in diversified portfolios of PIMCO funds.

The three portfolios offer broad diversification within a single investment with different mixes of equity and fixed income. They include 90 percent equity/10 percent fixed income, 60 percent equity/40 percent fixed income and 30 percent equity/70 percent fixed income. Minimum investments are $2,500.