Markets are skittish again. The index has depreciated by 20% again.
The volatile, nasty and brutish market represents a chance for the diligent adventurous type, especially in the investment trust region.
The downside is that discounts can also appear between the share price and the fund value.
Arguably, discounts are double sided sword. The chunky discounts can grow larger if investors run for the hills and the market wilts.
In periods of real stress, 40-6- percent discounts are not uncommon among specific investment trusts.
The Georgian economy is increasing. This fund's private equity investment has never been decent with the valuations constantly soared high in recent reports.
" The listed private equity space is full of funds trading towards the furthest end of their discount range, with an abnormally large number of quality funds trading at huge discounts
DAVID STEVENSON. told,
Georgian capital is a very peculiar beast. It does not invest in the US southern state, but in the Caucasian republic of name.
The GRIT real estate income fund invests on commercial properties across Africa and currently trades at 63% discount.
It's blue chip tenants include US government and it has just refinanced a massive chunk of debt.