PIMCO Municipal Income II PML
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PIMCO's CEFs Trading At High Premiums: Is There A PIMCO 'Put'?
By Joe Eqcome: PIMCO sponsored CEFs enjoy a significantly higher premium relative to its CEF sponsored peer group ("peer group"). This appears unsupportable based on our comparative fundamental analyses on both a nominal and risk-adjusted basis. This suggests an implied and intangible "franchise ...
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Muni CEF Fair Value?
… value, based on longer term historic NAV discounts, while those which became more significantly overpriced in January, such as PML and PIA, still seem a tad rich. Some NAVs have held up better than others, and most are now rising. Anyone have thoughts …
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PML - Thanks Bill!
Couldn't resist taking a little profit this morning.
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Seattle Genetics: Boxed Warning Is A Non-Event
… risk, albeit extremely small, to develop progressive multifocal leukoencephalopathy ( PML ) -a rare, but potentially fatal brain infection. The etiology of PML in patients on Adcetris is debatable, but nonetheless the FDA has made this change …
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From Barron's Jan 23 (Part 2)
… play is to borrow super low and acquire decent yields. He likes the CEF UTG . Munis are still good, using the same tactic. PML borrows at 25 basis points and throws off 7% tax-free. VMO similarly buys A-rated, levers 4-5% up to 6 or 7%. "I …
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Levered Municipal Closed End Funds: A Cautionary Tale
By James Peters : Many of us blame Meredith Whitney for the fall of the municipal bond market at the end of 2010. However, municipals began falling prior to Meredith’s 60 Minutes appearance on December 19, 2010. Meredith’s report brought national attention to the municipal bond market and created a
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Pimco munis
At the risk of turning Bill Gross into this forum's new Meredeth Whitney, does anyone have an explaination as to why the 3 Pimco munis ( PML , PMF, PMX) are not participating in the generally overbought CEF market, at least judging from their z scores.? Alan
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Living on Bonds Part 3
… funds based on M* rating of 2 or lower and/or fund is under new managment: MMI, NPP, NPX, NQI, MMU, VKI, VKQ, VGM, PML & VMO. (narrowed to 19 choices). 5. Eliminated KTF and PMO due to duration not much greater than currently held funds …
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Tax-Free Investing Using Closed-End Funds
By Michael J. Ray : Today’s difficult economic climate has been rough on income investors. Investors who at one time could get competitive rates from US Treasury bills and CDs are now forced out into the larger markets in search of the elusive yield. One place where many investors find themselves
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Are Municipal Bonds Part of Your Investment Toolkit?
… based on today's prices) of 7.16%." Chamois ' largest positions are Eaton Vance Municipal Bond EIM, PIMCO Municipal Income II PML , and Invesco Municipal Premium PIA. He writes, "With experienced portfolio management at these funds …