Asset Allocation and ETFs: Pimco's El-Arian in 2008 [View article]
In fairness to el-Arian, I believe his model was intended for the long term & while he said he was certain of the destination (long term), he cheerfully conceded he was unsure about the journey getting there (short term).
Checked AGC & found that (1) This fund has negative earnings for the past 2 Quarters, & (2) has employed leverage by issuing auction market preferreds which, as we know, are dead in the water. How do these facts affect your analysis?
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