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  • hank October 2017
  • msf October 2017
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(No Cigar) / Nothing Green Today

hank
edited October 2017 in Off-Topic
Minor losses overall today. Nothing green. My global infrastructure fund, OQGAX, was hit hardest - off over 1%.

Didn’t make any changes. Still mulling maybe starting a toe-hold in a gold fund or GNMA (simply as alternative investments).

From my watchlist: PRGMX - unchanged. OPGSX - down 1.16%. HSGFX lost a penny to $6.40.

Guess the 10 year edged up to about 2.44%. That in turn must have helped the dollar strengthen against other currencies judging by the day’s action.

Comments

  • msf
    With US rates rising, one would think that, yet foreign bond funds like PFUIX (PIMCO unhedged) and BEGBX went up.

    Bloomberg: "The dollar ended a three-day winning streak amid wide swings in the Canadian dollar, pound and other currencies."

    https://www.bloomberg.com/news/articles/2017-10-25/dollar-retreats-after-rally-as-loonie-peso-pound-thrash-around
  • hank
    edited October 2017
    Thanks msf. Very interesting. I was going by the drops in the global infrastructure and gold funds I track. With the former, it might have been a delayed reaction to yesterday’s currency markets.

    BTW - The Canadian currency amuses me, having recently spent some time there. From what I could see, they love their “loonie” and “toonie”.

    From Wikipedia: The nickname loonie (huard in French) became so widely recognized that in 2006 the Royal Canadian Mint secured the rights to it.[1] When the Canadian two-dollar coin was introduced in 1996, it was in turn nicknamed the "toonie" (a portmanteau of "two" and "loonie").
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