Interesting analysis of current situation with TGF.
If looking at the 15 largest long holdings as of 31 Jan, while shipping (DHT, EURN, INSW) have actually had a reasonable week after an ordinary month or so, the rest have had a bad week (like the rest of the market) so the NTA will more than likely decrease again when reported on Monday.
I am a little surprised that as experienced resource investors they didn't cut some positions, so I gather the Directors are betting on a China Infrastructure stimulus with which the history is briefly covered in the following link - https://www.livewiremarkets.com/wires/a-repeat-of-the-gfc.
With TGF, I personally think this is a medium-long term investment, and one will need a stomach for volatility.
This in no way is investment advice just the thoughts of a current share holder with a medium term perspective.
Good luck to all.
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