Tuesday, June 09, 2009
Aurora Sandringham Income Trust
I just bought 5000 shares in AOD.AX at $A1.10 a share. This used about half my available margin. The fund is not marginable with CommSec. I've long wanted to invest in this fund and brought forward the investment due to the CommSec offer of free brokerage. Eventually, I plan to reduce my holdings of other listed funds like Clime and Platinum Capital and this move is aimed at increasing diversification.
I'm classifying this as a hedge fund investment as the fund hedges its stock market exposure. I'll provide more details about this investment soon.
The picture is of the Queen's palace at Sandringham in Norfolk, UK.