Opinions
Mike MacBain
Pimco Corp Income Fund
PCN-N
SELL
Oct 06, 2014
$16.080
Stock price when the opinion was issued
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
Has been under investigation by the SCC. Bill Gross has left. The North American bond markets have been in a bit of disarray for the last two weeks because of this because Pimco manage such a large amount of capital in the bond markets. Huge redemptions have hurt them. A US dollar bond fund and the US strong dollar have benefitted you. It is a traditional bond fund that has done fairly well. The future isn’t fantastic because he thinks interest rates are going to go higher. They have a lot of quite good bond managers there. [The guest cautioned that he is reluctant to advise buying or selling a managed fund - 'out managing the manager']