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Weekend Open Thread - What Is Anyone Buying/Selling/Ideas?
During the month of February I have been reviewing my fixed income sleeve of my portfolio and shortening its duration and added some equities to its asset base. In doing this, I have made a few changes to the funds that the sleeve holds.
The current possitions are as follows: CSDAX, LBNDX, LIGRX, NEFZX, THIFX & TPINX. I eliminated NEFRX due to its duration and I replaced this position with LBNDX because it offered a broader more diverisfied asset base; and, I eliminated STIAX and replaced it with NEFZX as a transfer in from the hybrid income sleeve because I felt it was a better rounded strategic income fund.
The sleeve now XRAYS as follows (net): Cash 20% ... US Stocks 3% ... Foreign Stocks 1% ... Bonds 69% ... Other Assets 4% ... and, Not Classified Assets 3%. The sleeve has a yield of about 4.5%.
I am starting to notice that some fixed income funds are now starting to hold a larger position in cash than they have in the past. From my thoughts, this indicates to me some caution might now be warranted. This could be because redemptions are being anticipated, or it could be due the the investment climate in general with fixed income, or perhaps even both.
Comments
During the month of February I have been reviewing my fixed income sleeve of my portfolio and shortening its duration and added some equities to its asset base. In doing this, I have made a few changes to the funds that the sleeve holds.
The current possitions are as follows: CSDAX, LBNDX, LIGRX, NEFZX, THIFX & TPINX. I eliminated NEFRX due to its duration and I replaced this position with LBNDX because it offered a broader more diverisfied asset base; and, I eliminated STIAX and replaced it with NEFZX as a transfer in from the hybrid income sleeve because I felt it was a better rounded strategic income fund.
The sleeve now XRAYS as follows (net): Cash 20% ... US Stocks 3% ... Foreign Stocks 1% ... Bonds 69% ... Other Assets 4% ... and, Not Classified Assets 3%. The sleeve has a yield of about 4.5%.
I am starting to notice that some fixed income funds are now starting to hold a larger position in cash than they have in the past. From my thoughts, this indicates to me some caution might now be warranted. This could be because redemptions are being anticipated, or it could be due the the investment climate in general with fixed income, or perhaps even both.
Good Investing,
Skeeter