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Time Warner Inc. Message Board

notehound 1 post  |  Last Activity: Mar 28, 2016 2:49 PM Member since: Mar 10, 2008
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    Any HIPS investors?

    by mkornbsdcrdh Feb 23, 2016 9:32 AM
    notehound notehound Mar 28, 2016 2:49 PM Flag

    I own several multi-asset funds, including PCEF and YYY, which invest in closed-end funds. I also own IYLD and MDIV, two other multi-asset funds. I am considering selling some of my stakes in other multi-asset funds and moving into HIPS. like the fact that HIPS (the Master Income ETF) has a higher percentage of stocks than either PCEF or YYY and the fact that HIPS seems to be more diversified in its holdings than IYLD or MDIV. It looks to me like the concept of this ETF is excellent, but it entered into the multi-asset space later than several other funds. One thing that concerns me is that HIPS has under-performed both YYY and PCEF in the past year, 6 months and 3 months, suggesting that HIPS extra exposure to stocks has hurt its price performance against the more bond-heavy high-yield multi-asset funds. I spoke with a representative of the fund and he confirmed to me that holders of this fund don't have to deal with K-1's which are a problem for owners of MLP's. For that reason alone, I feel fine with the idea of buying HIPS. I will add to my position on any stock pull-back, which should make HIPS cheaper than it is.

    Sentiment: Hold

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