Leaving PIMCO.com

You are now leaving the PIMCO website.

Skip to Main Content
Experts

Stephen Chang

Portfolio Manager, Asia
Mr. Chang is a managing director and portfolio manager in the Hong Kong office, managing Asia portfolios and developing PIMCO’s business in this space. He is also a member of the PIMCO Inclusion and Diversity Advisory Council. Prior to joining PIMCO in 2018, he was a managing director and head of Asian fixed income for JPMorgan Asset Management, responsible for managing bond portfolios in the region and setting macro and asset allocation strategy as part of the broader emerging market debt team. Previously, Mr. Chang was a senior interest rates and derivatives trader with the Royal Bank of Scotland in Hong Kong and a global fixed income portfolio manager at Fischer Francis Trees & Watts, Inc. in New York. He has 28 years of investment experience and holds a master’s degree in management science from Stanford University and an undergraduate degree in computer science from Cornell University.
Economic and Market Commentary

China's economic transformation presents both challenges and opportunities for global markets.

Economic and Market Commentary

We believe the two resource-rich economies – once labeled fragile – will be global growth leaders over the next several years, driven by prudent policies and stable macro fundamentals.

Education

Before Economic Forums were mainstream on Wall Street, our investment professionals were gathering to identify economic and market trends for our clients. Decades later, the cornerstone of our process is stronger and more important than ever.

Investment Strategies

The strategy targets more attractive income and yield than other typical Asian bond funds by investing across the credit spectrum, focusing on high income opportunities, high average credit quality, and currency allocation.

Economic and Market Commentary

China’s central government puts high-quality growth as top priority, along with continued support for business and opening-up.

Economic and Market Commentary

As the COVID-19 recovery continues, we expect Asia’s growth-inflation dynamics to diverge from the rest of the world, led by China’s long-awaited economic reopening.

Economic and Market Commentary

China’s introduction of comprehensive support for its real estate sector could provide some cyclical relief amidst longer-term headwinds, but new COVID-19 waves cloud the outlook.

Tell us a little about you to help us personalize the site to your needs.

Terms and Conditions

Please read and acknowledge the following terms and conditions:
{{!-- Populated by JSON --}}
Select Your Location

Americas

Asia Pacific

  • The flag of Japan Japan

Europe, Middle East & Africa

  • The flag of Europe Europe
Back to top