PIM - PIM: A Good Way To Add Stability To A Portfolio
In the current environment, many investors are concerned about high valuations in both the stock market and bond market. Interest rates on cash have been slowly rising, but are still quite low. In this article, I discuss a closed-end fund that may be useful as a temporary parking place for cash or to add some stability to a portfolio.
(Data below is sourced from the Putnam website unless otherwise stated.)
Putnam Master Intermediate Income Trust (PIM) was formed in 1988. It is an unleveraged taxable closed-end bond fund that invests in a wide variety of