By Michael Fabian : When I started investing in closed end funds five years ago it began as a way of capturing aggressive exposure to the fixed income markets, but over the years has transformed into a complete income and alpha generation strategy. I discovered early on the use of leverage could ...
The Pimco High Income Fund ( PHK ) alters its mandate to allow the manager to invest in IO (interest ..... about a year ago, and trades at NAV as opposed to the closed-end PHK at a whopping 44% premium to NAV. Post your comment!
By Douglas Albo : If the rotation from fixed-income investments to equity investments is underway, you wouldn't know it by looking at the Allianz/PIMCO family of high yielding closed - end funds (CEFs). That's because when you go down their list of CEFs, virtually all of their fixed-income funds,
By Fredrik Arnold : Reader suggestions about monthly pay (MoPay) dividend dog stock lists reviewed in June and July prompted expansion of the stocks list to include funds, trusts, and partnerships. A list of MoPay equities to buy and hold in October resulted from reader additions supplemented with
… financial instruments. One example of this phenomenon is the recent premium to net asset value recorded for the Pimco High Income Fund ( PHK ). Barron's noted several months ago that the premium to net asset value ( NAV ) for this closed end fund …
By Tim Plaehn : The recent turmoil in the stock market has produced one benefit for investors looking to pick up high Complete Story »
They're getting there. Closed-end investment funds take it on the chin again, with the PIMCO High Income Fund ( PHK -6.6% ) leading. At $10.56, the fund no longer sports a ridiculous near-75% premium to NAV, but …
… leveraged, too-good-to-be true investment. About two weeks ago Barron's published an article on the PIMCO High Income Fund (NYSE: PHK ). The summary of the article was that this closed end fund was trading at a tremendous 70% premium …
… closed-end-funds, in particular the PIMCO CEFs (such as PHK , PTY , PCN , etc). Recently there was a Barron's article which discussed some of the funds with very high premiums, such as PHK , but there was no analysis of any kind regarding why there should …
… 10% yield is offering good value that has just been overlooked by many other investors. So it is that the Pimco High Income Fund ( PHK ) recently reached a price of $14, a heady 70% premium to the NAV of its assets. It reached this level …