Trade Alert: PAI | Western Asset Investment Grade

For those holding the optional substitute, Western Asset Investment Grade (PAIthe shares are up over 5.8% today for no reason- that we can find.  That puts the shares at a premium to NAV for an unlevered, plain vanilla investment grade corporate fund.  

If you need an alternative there are two good choices:

  • PIMCO Investment Grade (PIGIX)

  • iShares Investment Grade ETF (LQD)