MMP.un up 3% and PME flatSome investors have to be confused as to the NAV and yield for these two sister funds from CI.... as the hold almost identical stocks and cash.
PME currently at about 10 % discount to NAV and a better bargain as far as that goes, as MMP.un now at about 5 % discount.
The yield also a full 1% higher on PME, which translates into a 20% higher yield in a year.
If you invested 10,000$ today into both funds, in a year PME would return 5600$ in distributions and MMP.un 4500$.