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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Ok here are some ETFs:Global copper miners: NYSEARCA: COPXGlobal...
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Last
$1.52 |
Change
0.020(1.33%) |
Mkt cap ! $119.7M |
Open | High | Low | Value | Volume |
$1.53 | $1.53 | $1.51 | $40.27K | 26.53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20247 | $1.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.53 | 6650 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 1.510 |
1 | 664 | 1.505 |
2 | 83400 | 1.500 |
2 | 8000 | 1.480 |
1 | 2781 | 1.475 |
Price($) | Vol. | No. |
---|---|---|
1.530 | 6650 | 2 |
1.540 | 16737 | 2 |
1.545 | 26872 | 3 |
1.550 | 55000 | 2 |
1.560 | 85827 | 2 |
Last trade - 15.24pm 13/09/2024 (20 minute delay) ? |
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Simon Kidston, Non--Executive Director
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