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M* Fund Times: Openings, Closings, Manager Changes

TedTed
edited October 2012 in Fund Discussions
FYI The article speaks for itself ,if you don't want to read it that's fine, I don't see any need for a summary
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=572089

Comments

  • Hiyield007Hiyield007
    edited October 2012
    PMZIX or PMZDX I need to stay better informed as had I known I would have bought this at its offering price Monday at $10.00. The PIMCO magic and new fund effect is already in play as the fund is already up 4.3% (10.43) after today's 1 penny decline.
  • andrei
    Unfortunately these funds are available only at TD Ameritrade, as of now, according to M*. Perhaps it is going to change, but then the magic may be gone...
  • andrei
    Actually, as of today one can buy PMZIX at Fidelity for $100K minimum, and PMZDX for $2500 minimum
  • Hiyield007Hiyield007
    Reply to @andrei: Thanks andrei, at Scottrade it's one million minimum for PMZIX and so far PMZDX is not available.
  • scott
    PMZDX no min/NTF at ameritrade.
  • andrei
    Please note that at Fidelity the website does not know anything about this fund, but... it accepts the trades. It might happen that the situation is similar at other places as well: They did not have time to fully update the websites...
  • Sven
    Reply to @Hiyield007: Another option - DoubleLine Total Return, DLTNX, invest mostly in mortgage backed securities. The no-load investor share, has a lower ER (0.76% with $2,500 minimum) than Pimco's offering.
  • Hiyield007Hiyield007
    Reply to @Sven: Thanks Swen, I realize I am in the minority here but I wouldn't give Jeffrey Gundlach a plug nickel. As for DLTNX - ANGIX and TGLMX are much better choices if mortgage backed securities is your thing. I see where PMZIX was up another 4 cents today giving it a first week return of 4.7%.
  • fundalarmfundalarm
    edited October 2012
    Reply to @Hiyield007: i am with you re both Gundlach and non-agency mortgages.
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