PKO: The Premium Is Persistent [Seeking Alpha]
Pimco Income Opportunity Fund Common Shares of Beneficial Interest (PKO)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/income-opportunity-fund
Company Research
Source: Seeking Alpha
PKO: The Premium Is Persistent Main Thesis The purpose of this article is to evaluate the PIMCO Income Opportunity Fund ( PKO While these warning signs certainly exist, there are positives as well. The fund's NAV has risen in 2019, which indicates PKO is set up well to profit from a neutral interest rate environment. Finally, PKO's non-agency MBS holdings have been registering positive returns, and the continued underlying strength in the housing market indicates to me this is an asset class investors will want to be exposed to for the foreseeable future. Background First, a little about PKO. It is a " closed-end fund Source: Seeking Alpha Given this short-term strength, I wanted to reassess the fund to see if I should bump my "neutral" rating on the fund to bullish. After review, I still believe the neutral rating is appropriate, and I will explain why in detail below. Premium Keeps Pushing Higher As I mentioned above, one of the primary reasons for my expressed caution the last time
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