still looking cheap

MRA with a yield around 12% fully tax deferred is still looking cheap.

It's fall has seemed to have found a bottom around the high 70's mark. MRA management stated that there's no risk to the expected dividend yield from the appreciating $A - as you would expected being hedged.

With 2008 looking to be a bit rocky for the sharemarket after 3 years of solid capital growth, high income producing funds might be providing a level of certainty within a portfolio.

Should recover some shareprice fall within the next few months if there's some confidence to return in the stock.