Wednesday, January 14, 2009

PIMCO Muni Income Fund

Another fixed income fund that has performed well in the early days of 2009 is PIMCO Municipal Income Fund (NYSE:PMF). It turned Weak Bearish in last week's Stock Trends reports after its 35% pop - aided by the renewal of a suspended dividend payment. On the theme of US Treasuries losing their appeal, PMF and its ilk offer investors handsome yields as a hedge against market weakness. The stock is off 5.75% to $10.30 amid the stock market's fumble today. Perhaps a good opportunity to enter PMF.
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