Solas!
The on going thoughts & musings (sometimes random, sometimes not) of Lumen Capital Management,LLC.
Thursday, March 05, 2009
Income Fund of America is a popular American Funds mutual fund. It seeks current income & capital appreciation is secondary. The fund allocates among connom and preferred stocks, straight debt convertibles and cash. It is down almost 50% since last fall illustrating that almost no asset class has been spared in this environment.
*A family relation of Mr. English currently owns this mutual fund.
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