It is a diversified investment company that seeks a high level of current income. As a secondary objective it seeks to preserve capital. It will invest primarily in mortgage-backed securities (MBS) of residential and commercial loans. These securities may
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Tuesday, Aug 62013, 12:30 PM
Tuesday, Aug 62013, 12:30 PM| 3 Comments
- With equity guys greedy and fixed income fans fearful, maybe it's time to go the other way.
- Portfolio manager David Tepper (not that David Tepper), finds 10 closed-end bond funds who have negative YTD and Y/Y returns even as their net asset values have risen over the same periods: TAI, HIX, HHY, HIO, FTF, HAV, HIH, PIM, PPT, FMY.
- Several other closed-end funds run by high-profile names used to command hefty premiums, but now trade at discounts to net asset value. Among them are Jeff Gundlach's DBL and DSL and Pimco's PCI, PDI, PFN, and PFL.
Monday, Jul 222013, 4:50 PM
Tuesday, Nov 202012, 4:50 PM
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