Opinions
Steven Conville
Pimco High Income Fund
PHK-N
TOP PICK
Aug 17, 2009
Bonds are still better positions than equities in terms of equities. Run by one of worlds greatest bond managers. Made a lot of money for him, great dividend. Smaller play. 12-20% upside in 24 months
$9.070
Stock price when the opinion was issued
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It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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COMMENT
The difference between closed and open is that for closed, there are no new stocks issued. It can sometimes trade at a premium, but more often at a discount to net asset value. An open ended fund can issue new units. There is often an element of leverage or covered call strategy to extract extra yield for securities that have high yields. Does not know specifically for PHK's strategy.
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