By SIMON CONSTABLE
The trickiest part of investing—and the most important—is determining the right mix of stocks and bonds. When investors think of Pimco, it’s usually with regard to the bond side of its portfolio. Yet its stock funds have done remarkably well.
Enter the $820 million Pimco Dividend and Income Builder fund (ticker: PQIZX). This three-year-old fund is a hybrid stock-bond fund. Despite the considerable experience his firm has in fixed-income investing, manager Brad Kinkelaar runs a fund (with three other managers, including the firm’s new chief investment officer, Dan Ivascyn) that’s heavily skewed toward stocks—its target mix is 75% equities, 25% bonds. “It could be confusing,” he says. See original story here.
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