The big driver of investment returns over time is not figuring which sector is going to be best, or which country is going to be best, or which style is going to be best over the next year or three – the big driver is income and the reinvestment of income
Saturday, February 10, 2007
Steady Rise in Net Asset Values of TRUST ETF
This week the Net Asset Value (NAV) of SDT.UN-T increased $0.05 per unit (from $5.37 to $5.42 per unit). There has been a steady rise in NAV since the beginning of the year. The same is true for EIT.UN-T. Some of this rise in NAV is probably due to share buy backs. The point here is that income trusts are making a slow come back in spite of the continuous negative press in the main stream media. I expect this upward trend to continue.
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