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.