Strong Trend Persistence in TFCIX and FFRHX

I have posted several times about TFCIX which has shown strong trend persistence since it was issued last year. It suffered through a brief drawdown period early this year, but has come back strong lately and is on another good winning streak. It has been up or unchanged for 22 consecutive days. The last down day was Feb. 23. If you use Yahoo Finance for historical data, you should be aware that they are missing two TFCIX distributions:

  • Dec. 22, 2009   $0.14
  • Mar. 23, 2010   $0.13

I also own FFRHX which is currently enjoying an even longer win streak than TFCIX. FFRHX has been up or unchanged for 29 consecutive days. The last down day was Feb. 12. Note that Yahoo Finance is missing the last distribution for FFRHX which was $0.020886 on Feb. 28, 2010.

The Merrill Lynch US High Yield Master II index (H0A0) has generally been trending higher this year and is up 4.6% year to date. But it did have a down day on March 22, so its current win streak is only 4 days.

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