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Bill Gross Likes 2 Closed-End Funds, Even As He Says Most Assets Overvalued: DPG & JPC

TedTed
in Fund Discussions
FYI: (Click On Article Title At Top Of Google Search)
The veteran bond fund manager thinks most assets are overpriced, but still likes two funds he told Barron's about in April 2016.
Regards,
Ted
https://www.google.com/#q=Bill+Gross+Likes+2+Closed-End+Funds,+Even+as+He+Says+Most+Assets+Overvalued

M* Snapshot DPG:
http://www.morningstar.com/cefs/xnys/dpg/quote.html

M* Snapshot JPC:
http://performance.morningstar.com/funds/cef/total-returns.action?t=JPC&region=usa&culture=en_US

Comments

  • VintageFreakVintageFreak
    Hmmm...We should buy these closed end funds who are running discounts which if were wiped out would actually have returned positive returns for the years. Both are negative right now.

    So this is like someone saying P/E ratio is low, but stock keeps sucking wind and we are supposed to buy "value". I really don't see it differently at all.
  • BobCBobC
    Does anyone actually care what Bill Gross thinks anymore?
  • TedTed
    @BobC & MFO Members: Bill has recommended several CEF's over the years, none of which, I would invest in.
    Regards,
    Ted
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