QQQ - PIMCO's PDX Is Simply The Best And Should Get Even Better
2024-07-10 11:53:33 ET
Summary
- Ever since I started recommending PIMCO Dynamic Income Strategy Fund to my subscribers in January 2022, no closed-end fund has performed better than PDX.
- What makes this even more amazing is that PDX does not own any of the 'Magnificent 7' stocks, or any technology stocks, for that matter.
- And though I am overweighted in technology-focused CEFs and ETFs in my advisory program for high-net-worth clients, PDX is still my largest CEF position.
- That's because no other fund has been able to leverage PIMCO's research and portfolio management capabilities at just the right time, first as an energy and energy MLP fund and now as a multi-sector bond fund.
- PDX initially came public as the PIMCO Energy & Tactical Credit Opportunities Fund in January 2019. And after suffering through the COVID-19 rout in energy, it's been off to the races.
If you want to know why the PIMCO Dynamic Income Strategy Fund ( PDX ) , $22.82 closing market price , has been the best-performing CEF since I first recommended it to my Investing Group subscribers in January 2022, it's because no other fund has been better managed to navigate the ups and downs of the markets....
PIMCO's PDX Is Simply The Best And Should Get Even Better