Portfolio Tweaking
The SMA Portfolio featured here has a portion of the fixed income allocation invested in closed-end funds. Two of the funds, Putnam Premier Income Trust (PPT) and MFS Charter Income Trust (MCR), were trading at substantial discounts to Net Asset Value (NAV) when they were purchased several years ago. The discounts have narrowed and there are cheaper alternatives, based on annual expense ratios, in the Exchange Traded Fund (ETF) world. Therefore, sell orders will be entered for PPT and MCR and cheaper alternatives purchased at some point in the near future.
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investment catcher
February 17, 2010 at 6:55 am
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お互いがんばりましょう。
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