Brewer GIM?

[yakers]

A bit back you mentioned you were selling GIM. Was this some insight into Greece(Portugal, Spain & others), profit taking, or some other sort of rebalancing? I expect to keep holding it, it seems like a part of my 'diversified' portfolio to have foreign bonds but this hasn't been a good week for them. Maybe a good time to buy?

 

[brewer12345]

I blew it out because it went from trading at a discount to trading at a silly premium, pure and simple. It still appears to trade at a modest premium. GIM will eventually go back to a discount and I will buy back in.

FWIW, their latest news release indicated that they have no exposure to the PIGS countries.