Ok here are some ETFs:
Global copper miners: NYSEARCA: COPX
Global base metals: NYSEARCA: DBB
USE base metals: NYSEARCA: xme
Global uranium: NYSEARCA: URA
Global energy ETF: ASX: FUEL
TGF listed 12 Oct 2018
All of these ETFs are down since then, some significantly. More useful to view in a graph is the natural volatility.
The AUD has dropped significantly offsetting the losses for non-AUD exposure.
I will do a detailed blog post write up on TGF and publish link here for medium/long term investors.
My guess till proper analysis is done is that TGF NTA has probably performed in-line with its commodity/shipping exposures inclusive of currency. I doubt its shorts have added much value.
The share price performance has been horrific - exposing a real issue with many ASX Closed End Funds that aren't well-known or well-marketed or have substantial advisors recommending them. This is the strong rationale for TGF acting re the discount - even if to just boost its performance figures and chance at performance fees! What other investments are they getting a 20%+ return on?
LIC DIY investors are notoriously fickle and until a prolonged upswing in commodity/energy equities the discount won't naturally close below 10%.
More likely, due to liquidity, TGF will trade like a commodity equity - big swings in either direction! Definitely not one to hold if you can't handle the swings or may need to sell out when trading at large discounts.
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Last
$1.70 |
Change
0.045(2.73%) |
Mkt cap ! $131.1M |
Open | High | Low | Value | Volume |
$1.68 | $1.70 | $1.67 | $251.6K | 149.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10218 | $1.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.70 | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10218 | 1.695 |
1 | 1423 | 1.690 |
1 | 6538 | 1.680 |
1 | 6904 | 1.675 |
1 | 5000 | 1.665 |
Price($) | Vol. | No. |
---|---|---|
1.700 | 20000 | 1 |
1.710 | 5000 | 1 |
1.720 | 30000 | 1 |
1.730 | 4000 | 1 |
1.745 | 6000 | 1 |
Last trade - 11.55am 17/10/2024 (20 minute delay) ? |
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Simon Kidston, Non Executive Director
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