Replies to post #28664 on A.I.M. Users Bulletin Board (AIMUSERS)

[Rick Storm]

I was looking at etf connect and saw a number of funds with large discounts to nav; I was wondering how people feel about aiming
something like UTF ;a utility fund. Its discount is >13% and it has a lot of big name utility companies in it,

If my math is correct the present dividend yield is @ 20 %

but leverage is @ 33% and the dividend may not be safe; does any one have any thoughts on this type of investment and its risk

thanks

[investor5001]

Hello Tom:
I'm just double checking your instructions.
When using the mutual fund VISTA in my AIM account, you said when using SPLIT SAFE, to use 10% of stock value on the buy side and 0% on the sell side.
Are those figures correct?
Many thanks for your help.