MSCI World Price IndexMSCI World Price IndexI've been following WGB since inception and think right now we have the best buying opportunity yet.
The last reported NTA for the May period (during which the MSCI World Price Index dropped by approx 8% in USD terms) was $2.23 vs a share price of $2.03 on 31/5. This is a NTA discount of approx 9%. The election obviously put a big dent into the share price, followed by a small recovery, but we are a long way off from fully recovering.
Throughout June, we have seen a recovery of the MSCI World Price Index by approx 5%, while WGB has dropped to $1.97 (-3%). Using the 5% June increase in MSCI World Price Index gives us a NTA of 2.34, which means we are trading at a discount to NTA of 16%.
WGB Price at posting:
$1.97 Sentiment: Buy Disclosure: Held
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