The SP turn around could be upon us. La Francaise Des Jeux Sa up 18% overnight - hoping VG1 still has a holding, Amazon up 5% a/h on a good earnings result in today. Let us see how the open market reacts tonight.
Tracking the top 5 holdings listed in the June statement and previously known holdings the returns look ok. The chart below does not include the 5% a/h boost to Amazon overnight and swap to AUD cash in the last few days.
IMO, Vg1 holds good long term companies unless there is a huge deflation ahead. It is hard to see it happening as long as the fed keeps printing money and handouts such as Jobkeeper/seeker. The large discount warrants a buy.
VG1 Price at posting:
$1.82 Sentiment: Buy Disclosure: Held
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