Q: Looking for a foreign bond fund to round out my fixed income portfolio. Would PMIF fit the requirement? Thanks Ron
5i Research Answer:
As a monthly income fund we would consider it good overall, with an indicated yield of 4.85% and 3-year annualized (in a tough environment) at 4.65%. Fees are higher than we like but we can live with them. It is large and liquid with $3B+ in assets. There are safer ETFs that are all-government securities, but return expectations would be less with these.