Will The High Premiums For The PIMCO High Income Fund Continue To Erode?
- Two PIMCO closed end funds with long-term high premium valuations have seen erosion of those premiums over the past week.
- PIMCO High Income Fund has lost nearly 12%, all of it to erosion of its premium. The premium for PIMCO Global Stocks Plus has also turned downward.
- Other funds provide comparable returns with more sustainable valuations.