[PIMCO, an outperforming fund, underweights the top seven U.S. stocks and instead bets on Asia] On September 4, a top-performing fund manager from PIMCO is betting that the next winners of the artificial intelligence boom will not appear among the crowded large U.S. technology companies and will turn to Asian equipment suppliers, Chinese financial and health care stocks. Emmanuel Sharef, who manages PIMCO's flagship 60/40 Strategy Balanced Income and Growth Fund, said that as spending in the AI ​​field has soared, many large U.S. technology companies have increased their debt burdens and unclear earnings prospects, and their attractiveness has declined. Data shows that this fund has assets of nearly US$19 billion, and its performance over the past three years has been better than 97% of similar funds. "We are currently underweight most of the hyperscale data center operators and most of the seven largest technology stocks, mainly because they are overvalued," Sharef said in Singapore earlier this week. "You don't necessarily need to own the most expensive stocks to capture a theme or market trend."