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Stay or bail with PONDX, PDI and PKO

edited July 2013 in Fund Discussions
I'm a strong fan of Ivascyn, manager of the above funds. The
mortgage-backed funds have been hit hard, more than a 10% drop
this past month. 50% of PKO and PDI are in the 20-30 year duration
category. Do you think the funds can recover in the next year or is
it a really, really long time hold. Ivascyn continues to buy his closed
end funds, but I'm beginning to waver.
Thanks for you advice.

Comments

  • One sec, let me look at my crystal ball and check:P

    Not gonna make any predictions, especially considering the fact that CEF's trade at discounts/premiums. In the meantime, enjoy the ~7% yield.

    FWIW, I think so, and my money is where my mouth is..
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