PIMCO Update | October 2023 | Valuations Take A Tumble
Summary
PIMCO taxable CEFs were previously overvalued, but now discounts are appearing across most funds.
Investors should consider lightening up overweight positions and swapping out some PIMCO funds.
PCN fund looks interesting for the first time in years, but potential distribution cuts need to be navigated.
PIMCO Energy and Tactical Credit (NRGX) remains…
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