He called PIMCO about this. It is an expensive ETF, like 75 basis points. A global ETF. They can’t do less than 50% investment grade. Emerging markets there and high yield that he wouldn’t normally go to. But, it is PIMCO. He wouldn’t buy it for retirees’ clients. The Management team knows what is doing. If the risk tolerance was there and time horizon is there, he would consider them.
A safe way to play the fixed income side of a portfolio. This company roams the world looking for opportunities in the fixed income market. It has produced very good long-term returns, and he would recommend it.
Pimco Monthly Income Fund is a Canadian stock, trading under the symbol PMIF-T on the Toronto Stock Exchange (PMIF-CT). It is usually referred to as TSX:PMIF or PMIF-T
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On 2023-03-30, Pimco Monthly Income Fund (PMIF-T) stock closed at a price of $17.89.