I bailed out just prior to the loyalty shares being issued & the...

I bailed out just prior to the loyalty shares being issued & the sell down that came with that. I was in from IPO and was really annoyed I disnt qualify for the loyalty units via my broker.

Having watched closely since, I haven't been impressed with the NAV even prior to these big pull-backs in the DJIA. They have been under-performing the index quite often and I was expecting better.

I also wasn't really excuted about the portfolio mix, as I thought part of the idea was to identify those "next big things" as sleeper stocks but large chunks of the fund are plonked in mega stocks like Apple and Facebook. If they are going to run with that type of profile I would rather see 50% of the money in Berkshire Hathaway.

Anyway, I've stayed away for those reasons but now with 20% cash they might be able to pick some good entries and run from there. Worth keeping an eye on.