Pimco's Corporate & Income Opportunity Fund (PTY +4.2%) makes a big move after Pimco's Bill...

|By:, SA News Editor

Pimco's Corporate & Income Opportunity Fund (PTY +4.2%) makes a big move after Pimco's Bill Gross gives it a plug at the Barron's mid-year roundtable. In a time of interest rate jitters, Gross notes the fund's "defensive qualities" and points out it's within a whisker of its all-time high NAV despite a tough few weeks for fixed income.