Q: In your answer to my previous question on HBND you said that a 10% allocation would be good. Did you mean 10% of the whole portfolio or 10% of the bond portfolio (so example 10% of a30% bond allocation would be only 3%).
5i Research Answer:
WE would be comfortable at 10% of total but note we would not even attempt this level until assets have grown to the $50M level at least. Right now it is tiny as it just launched and we would certainly wait.