Categories: U.S. Investing

Income Fund up 9.66 Percent in Six Weeks

Income Fund up 9.66 Percent in Six Weeks (NicholasVardy.com)

For investors looking for income immune from the Fed’s artificially low interest rates, there’s PIMCO Municipal Income II (PML). PML is an actively managed, highly leveraged municipal fund that’s posted a 9.66 percent gain in the first six weeks of 2014. But that’s par for the course as PML’s returns have topped all of its peers since the 2008 market meltdown, returning an annualized 8.7 percent. If you’re tired of chasing yield from stocks, PML’s worth a look.

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.