PAXS - PAXS: PIMCO's Newest Closed End Fund Continues To Deliver
2024-03-30 01:04:24 ET
Summary
- PIMCO's closed end fund lineup continues to grow, launching new funds periodically.
- Positive economic indicators, such as easing inflation, have shifted sentiment towards a lower interest rate scenario.
- PIMCO's newest closed end fund, PAXS, has performed well compared to other funds in the lineup, but still trails the largest funds from PIMCO.
- PAXS continues to settle into a higher interest rate environment following a challenging first year.
Over the past six months, income producing assets have staged a rally, bouncing from their October bottoms. Speculation around news from the Federal Reserve points towards rate cuts sooner rather than later, sparking enthusiasm. Positive economic indicators such as easing inflation have shifted sentiment around both a hard landing and a higher for longer scenario. As a result, the ten year treasury yield rapidly declined and has since rebounded slightly....
PAXS: PIMCO's Newest Closed End Fund Continues To Deliver