TraderWise

Earlier this week I made an across the board swap that is worth talking about. I sold China Mobile (CHL) and then replaced it with Partners Communication (PTNR).

From the top down this does not change the exposure to equities or to the telecom sector but it does mostly eliminate China and increases Israel (we've held Teva (TEVA) for years now). We still have a little China as embedded in some of the ETFs we use.