Friday, March 07, 2008

Made the Switch

I switched 1/3 of my Australian superannuation account from the CFS Conservative Option to the CFS Geared Share Option and 1/2 of a non-margined non-retirement account from the CFS Conservative Fund to the CFS Geared Share Fund. After the move our asset allocation looks roughly like this (not all numbers up to date):



As the fund I just switched into is levered, our exposure to stocks is actually greater than 51%. The estimated beta of the portfolio after the move is 0.71. But it's probably more than that as I've discussed before.

BTW, this transaction results in a capital loss of about $A1,800.

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