Pimco warns asset markets 'fully priced,' vulnerable to negative surprises

NEW YORK, Sept 28 (Reuters) - Pacific Investment Management Co, which oversees more than $1.5 trillion in assets, slightly upgraded its forecast for world gross domestic product, from around 2.5 percent this year to between 2.5 percent and 3 percent in 2017, but cautioned that many asset classes appeared overvalued.