PDO: This ~ 11% Yielder Has To Be Considered By Income Seeking Investors
Summary
- In January this year, I compared PDI and PDO side by side. While I was worried about the potential negative effects from higher for longer scenarios, my preference went to PDO.
- Since then PDO has outperformed PDI, but most importantly it has generated strong total returns.
- Now, looking at how PDO is structured and putting that in the context of interest rate outlook, I have reviewed the investment case.
- In this article, I elaborate in a more detail on why I have turned more bullish on PDO.
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