Sunday, February 21, 2010

New Position Added

I have added the following fund to client portfolios.  This is a newer fund so I shall watch it closely. It is designed to deliver a total retrun that is 3% over the current US Treasury bill rate. It is a short term position I intend to hold while the market is in a trading range (trendless).

Putnam Absolute Return 300 Y (PYTRX)

(The fund seeks to deliver an annualized gain of 300 basis points (or 3 percentage points) over the Merrill Lynch U.S. Treasury Bill Index.)

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