Trying to figure out why this fund is not more popular:
https://www.pimco.com/en-us/investments/mutual-fu…
It is essentially:
100% exposure to the S&P 500 + 100% exposure to a diversified intermediate/long bond mix - 100% short term borrowing cost (i.e. 3 month LIBOR) - 0.59% expense ratio
Seems to me that it is virtually guaranteed to beat the S&P as long as the yield curve is not inverted.
Since inception in 2007 (through two market crashes) it has returned 15% CAGR compared to the S&P’s 8%, with similar volatility and drawdown risk.
Thoughts?
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