"Now PIMCO, the biggest bond fund
manager in the world, wants to get in on the action. PIMCO is
raising $600 million to start a mortgage REIT that will buy – you
guessed it – residential mortgages guaranteed by Fannie and
Freddie. The new REIT's ticker symbol will be PIMR." -- Stansberry
and Associates
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New Reit
Posted by shippy on 7th of Apr 2011 at 10:30 pm
"Now PIMCO, the biggest bond fund manager in the world, wants to get in on the action. PIMCO is raising $600 million to start a mortgage REIT that will buy – you guessed it – residential mortgages guaranteed by Fannie and Freddie. The new REIT's ticker symbol will be PIMR." -- Stansberry and Associates