Portfolio Tweaking

By on February 17, 2010

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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One Comment

  1. investment catcher

    February 17, 2010 at 6:55 am

    This is a wonderful website!! 参考になります。ありがとう! Thank you!!
    I'd be pleased if you exchange reciprocal link with me.
    お互いがんばりましょう。
    http://easy-happy-invest.blogspot.com/

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