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Posted by
Two Blokes May 18 -
Filed in
Stock
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3 views
PFO's yield and long-term total returns lag peers, offering little compensation for its higher leverage and risk profile. The fund's recent outperformance is likely due to its lower distribution, which minimizes net asset value destruction in a weak preferred market. PFO's high U.S. allocation is a disadvantage versus more global peers, especially amid concerns over U.S. banking and consumer debt.
