Yeah, RHC has been moving up much more strongly than HSO, I agree that for insto's it's logical to do some arbitrage here and switch into HSO. The PE discount has increased. Add to that the need for imdex funds to increase their exposure and I expect HSO to look solid as long as Janet remains a dove at Jackson Hole this weekend.
The RHC results next week will be important for HSO as well.
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