RE:Portfolio NAVLCS has a current leverage ratio of almost
250%. A portfolio decline of 1.35% would translate to a capital share NAV decline of 2.5 x 1.35% = 3.38%. For a paying split share trading at a discount, one can certainly argue that it is an overreaction, but 4% is not unreasonable in such a negative climate.
This is a great opportunity for those bullish on this sectorl, but leverage certainly has its risks.
kurtwalter wrote: IAG was down 2%, remaining three around 1.04- 1.09%. Total portfolio down 1.35% - LCS down 4% is a dreadful overreaction.