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PYLD / PYLD: Attractive New Bond Fund From PIMCO
PIMCO Multisector Bond Active ETF is a new fixed-income ETF that aims to take advantage of higher rates via its recent June 2023 IPO. The fund has a large allocation to collateralized mortgage obligations (CMOs), which make up over 22% of its collateral pool. With mortgage rates at 20-year highs, CMOs represent an attractive risk/reward proposition at this point in the economic cycle.
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Posted: Sep 29 2023, 12:24
Author Name: Seeking Alpha
Views: 102657
PYLD News
By Seeking Alpha
September 29, 2023
PYLD: Attractive New Bond Fund From PIMCO
PIMCO Multisector Bond Active ETF is a new fixed-income ETF that aims to take advantage of higher rates via its recent June 2023 IPO. The fund has a l more_horizontal