Weiss Korea Opportunity Fund - Update research from QuotedData
21st October 2021
On the front foot
Weiss Korea Opportunities (WKOF)'s share price and net asset value (NAV) returns continue to be well-ahead of those of comparable indices. From its launch in May 2013 to the end of September 2021, shareholders saw returns of almost 190%, more than double those of the MSCI Korea 25/50 Index (the trust's chosen performance benchmark - see page 13). Nevertheless, the board and the manager feel that the discount opportunity that WKOF was designed to exploit remains highly attractive.
The average discount at which the company's portfolio of Korean preference shares trades relative to the prices of equivalent common shares is as wide as it has been since the launch of the fund in 2013. In recognition of this, the board feels that it makes sense to try to expand the company.
Full research:
https://quoteddata.com/research/weiss-korea-opportunity-fund-front-foot-qd/
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