PIMCO Floating Rate Strategy Fund (AMEX:PFN)
Closed end fund.
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This is a best that interest rates will rise. Granted, this is a bit of a crowded trade, but I think there's still some upside.
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This is by far the least expensive of Bill Gross' look-a-like closed end funds (PTY,PFN,PFL&PCN) and we look for it to outperform the others by about 4.25% in the near term !
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Man this is cheap. Jump on board with Bill Gross, my friend, and earn a 12% return on your investment right off the bat. Easy money.
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CEF with history of dividend increases and year end special distributions.. Ok for someone wanting income.
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