One of the most common questions I get in the Financial Horse community – is the PIMCO GIS Income Fund a good buy?
And I totally get it.
Because on the face of it, the numbers look almost too good to be true.
T-bills are at 1.47%. The best 12-month fixed deposit is 1.40%. Even the latest Singapore Savings Bond gives you just a 2.14% average over 10 years.
Meanwhile, the PIMCO GIS Income Fund is paying out a 6.5% yield, distributed monthly.
That’s 4x the T-bill yield, and 3x the SSB yield.
So… is this a no-brainer buy?
Well, as always, the devil is in the details.
In this article, I’ll walk through what the PIMCO GIS Income Fund actually is, how it stacks up against T-bills, SSBs, and REITs, and whether it deserves a place in a Singapore investor’s portfolio.
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