Interval Funds are Having Their Moment
March 21, 2017 | Barron’s
Interval funds are proliferating as investors reach for yield, but the products have serious drawbacks, according to Morningstar.
PIMCO last month launched an interval fund—PIMCO Flexible Credit Income—and registered to raise $1 billion in assets.
In all, there are some 20 interval funds in registration, nearly as many as are currently live.
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