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