Formosa bonds are listed in Taiwan but issued by foreign companies and denominated in US dollar. Their name — a 16th century-vintage Portuguese term for Taiwan meaning “beautiful island” — was chosen ...
PIMCO recently cut the dividends of two of its popular closed-end funds (CEFs). Shareholders took a bath, but none of this was a surprise to us careful contrarians.
Bond markets have calmed in recent weeks but investors have good reason to remain nervous after the New Year rout. What has happened and where can you invest?