Pimco Monthly Income Fund (PMIF-T)

PMIF is a more active fixed income fund designed to be adapt the portfolio to market conditions. We think fixed income funds in general can be good options offering low-risk, predictable cash flows which offer a diversification from equities. While returns have not been exceptional, PMIF has outperformed other Canadian alternatives such as CBO, XHY, and XBB. The latter options have much lower expense ratios but PMIF is more actively managed and it does have better returns over recent time periods. We think PMIF is a decent fixed income fund. 
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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.