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home / news releases / PMF - Why Closed-End Fund Valuation Matters


PMF - Why Closed-End Fund Valuation Matters

This article was first released to CEF/ETF Income Laboratory subscribers 1 month ago, so data may be out of date. Please check the latest data before making investment decisions.

Valuation matters when buying closed-end funds

I sometimes shake my head when I see recommendations for closed-end funds [CEFs] trading at historically high premiums. No matter how high-quality the fund's assets are, or how skilled management is, they cannot escape the mathematical force that is mean reversion.

Why not invest in a similar, but more undervalued fund instead and earn more money? This is

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Stock Information

Company Name: PIMCO Municipal Income Fund
Stock Symbol: PMF
Market: NYSE

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