PIMCO Update Jan 2024 | PDX Goes To No Leverage, Valuations Are Up Significantly

Feb 09, 2024

∙ Paid

Summary

PIMCO CEFs have shifted from being oversold and cheap to slightly overvalued and approaching moderately overvalued.
The author follows a buy-and-rent strategy, trimming/selling positions when they are overvalued and seeking undervalued opportunities.
The muni side of PIMCO CEFs looks more compelling, while the taxable side is nearing an overvalued …