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Marten & Co, trading as QuotedData, distributed updated research on Weiss Korea Opportunity Fund (WKOF) dated 21st October 2021, for which it was paid. The research noted that WKOF shareholders achieved returns of almost 190% from May 2013 to the end of September 2021, more than double the MSCI Korea 25/50 Index, and that the average discount on the company's Korean preference shares portfolio is as wide as it has been since the fund's 2013 launch.
| Date | 25 Oct 2021 |
| Time | 07:00:14 |
| Category | Miscellaneous |
| ID | 0282Q |
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/
This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.
NB: Marten & Co was paid to produce this note on Weiss Korea Opportunity Fund and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.
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