3 Multi-Sector Fixed Income Closed-End Funds That Are Potential Pimco Alternatives [Seeking Alpha]
Nuveen Multi-Market Income Fund (MA) (JMM)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=jmm
Company Research
Source: Seeking Alpha
3 Multi-Sector Closed-End Funds That Are Potential Pimco AlternativesApr. 17, 2020 6:05 AM ET|Includes:BITGFYJMMby: George Spritzer, CFAYield Hunting: Alt Inc Opps Safe 8+% Income Stream using CEFs, , Munis, Preferreds, and .SummaryPimco CEFs are quite popular, but many are now trading at double-digit premiums over NAV.This article discusses three possible alternative CEFs for those who may want to diversify some of their Pimco holdings.The NAV of multi-sector bond fund GFY (a Western Asset fund) is highly correlated with Pimco funds , and .JMM and BIT (from Nuveen and BlackRock) are two other multi-sector bond CEF alternatives that also have high correlation with the Pimco funds.Experienced closed-end bond fund investors know that Pimco closed-end funds are quite popular. In fact, some invest their entire bond holdings exclusively in Pimco funds.But except for brief periods like the market panic we had a few weeks ago, Pimco funds usually trade at sign
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Sec Filings
- 3/11/24 - Form SC
- 3/11/24 - Form 3
- 3/8/24 - Form 3
- JMM's page on the SEC website