Retirees Portfolio Revamp

chiang_mai

Does anyone have a view as to the usefulness of ERNS, as an alternative to MM or CSH2?

thunderroad88

chiang_mai said:

Does anyone have a view as to the usefulness of ERNS, as an alternative to MM or CSH2?

It’s a decent option, as is JGSA. Personally I use Csh2 for cash I’m parking relatively temporarily but for longer term cash holdings I still prefer a mix of RL STMMF and RL STFI plus a few lower risk/volatility bond funds like Aegon Absolute Return, RL Diversified ABS and M&G Short Dated Corp Bonds.

chiang_mai

I wonder if any of the bond experts here understand what happened to this:

https://www.pimco.com/sg/en/investments/gis/low-duration-income-fund/inst-gbp-hedged-income

https://markets.ft.com/data/funds/tearsheet/holdings?s=IE00BDT58240:GBP

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/p/pimco-gis-low-duration-income-hedged-income

It appears the 4 bill fund was making monthly income payments out of income when in February it paid 10% out of capital. In March it didn't make a payment at all and now its holdings are TBA. I interpret that as a default in a large holding but don't understand the portfolio recomposition. Anyone?