PDI: This 15%-Yielding CEF Is A Buy

Dec. 08, 2023 12:02 AM ETPIMCO Dynamic Income Fund (PDI)PDI185 Comments
The Asian Investor
29.11K Followers

Summary

  • The Federal Reserve is expected to lower interest rates in 2024, which could benefit fixed income assets included in the PIMCO Dynamic Income Fund.
  • The fund primarily invests in income-producing securities such as non-agency mortgages.
  • The PDI has a solid track record over a long period of time.
  • PDI has potential for net asset value growth as the Federal Reserve ends its tightening policy.

Fixed Money Income

meshaphoto

The Federal Reserve is widely expected to lower interest rates next year, which could be a powerful catalyst for fixed income assets like the ones including in PIMCO Dynamic Income Fund (NYSE:PDI)'s investment portfolio. The Dynamic Income Fund is

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of PDI, JEPI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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