PTY: Don't Panic-Sell This Income Fund

PTY is down and trades like a speculative junk instrument.

Leverage, high-yield assets, and interest-rate-sensitive portfolios could be the reasons to avoid or sell PTY.

I have a different view that I share in this article in great detail.

The PIMCO Corporate & Income Opportunity Fund ( PTY ) is among the few PIMCO closed-end funds that I have brought forward as an attractive pick in the context of yield-seeking portfolios.

My previous piece on PTY was