Joe Eqcome's  Instablog

Joe Eqcome
Send Message
Joe Eqcome is the pen name of Robert A. Frank, CFA, a Wall Street executive who has spent over 30 years as an investment professional. Mr. Frank is the founder of GrowthIncome Research & Management, LLC. GrowthIncome Research & Management, LLC’s business mission is focused on generating... More
My company:
GrowthIncome Research & Management, LLC
My blog:
  • Eqcome Portfolios™ Weekly Review Changes 0 comments
    Dec 17, 2010 10:42 AM

    The weekly review chart (see below) of the Eqcome CEF Portfolio™ (CEFBig10™, CEFMuni10™ and CEFDisc10™) that appears on the Joe Eqcome website[1] has been adjusted in two significant ways.

    1.     Adjusted Returns: Due to the fact that a CEF must make periodical distributions, as required to meet regulatory and IRS requirements to qualify for its conduit status, a significant portion of a CEFs total return includes such distributions. As a result, the valuations going forward will include the prices adjusted for previously paid distributions during the measurement periods.  

    2.     Comparative Indices: Both the CEFBig10™ and CEFDisc10™ will be compared to the adjusted price of the SPDR S&P 500 ETF (NYSEARCA:SPY). The CEFMuni10™ will be compared to the adjusted price of the iShares S&P National AMT-Free Muni Bonds ETF (NYSEARCA:MUB).

    It is believed that these two modifications to the Eqcome CEF Portfolios™ will provide better performance comparisons of CEF fund types. 

    Joe Eqcome (Disclosure: Owns the Eqcome Portfolios)


Back To Joe Eqcome's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.