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Wow...Consider Selling IGA & IID Ahead Of Ex-Dividend Date

Virtually all of the ING funds are very overpriced here as they are all next in line to go ex-div on April 1st. IGA was one of the funds I picked as being undervalued in a February 4th article, but since then, the fund has gone straight up.

I personally would be taking some money off the table here as IGA will probably be at a 3%-4% premium after today. Same goes for IID which has been overpriced for awhile now but somehow maintains a premium valuation despite a very average NAV performance.

Both funds have certainly had very good NAV performances over the past year but not so good YTD.

IGA currently at $13.63

IID currently at $10.32

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: IGA, IID