Purpose market neutral fund as a diversifier

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ukridge
Silver Ring
Silver Ring
Posts: 273
Joined: 01 Mar 2005 11:34

Purpose market neutral fund as a diversifier

Post by ukridge » 27 Nov 2017 20:13

What do folks think abut using Purpose Multi-strategy market neutral fund (PMM.TO) as a diversifier?

For context, most of my equity holdings are in ETFs (VTI, HXT/XIU and XEF, VRE). Fixed Income holdings are mutual funds - mainly PHN Total return bond. Theory is PMM is a good addition as it has low correlation with all the above.

One concern is low volume. (Average volume is about 800 shares in a day).

- ukridge.

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