Gulf Investment Fund PLC Update research from QuotedData
18 4월 2023 - 7:05PM
RNS Non-Regulatory
TIDMGIF
Gulf Investment Fund PLC
18 April 2023
Gulf Investment Fund - Update research from QuotedData
18(th) April 2023
On the gulf of a new economy
The team behind the Gulf Investment Fund (GIF) has more than
proven its worth as an active manager, having negotiated the
turbulent markets of 2022 to deliver truly impressive
outperformance of both GIF's peers and its benchmark. In
particular, in recent trading activity, it has eschewed some of the
more highly-valued regions, and the globally exposed petrochemical
sector (as at 31 December 2022, GIF had no direct exposure and
limited indirect exposure), in favour of more-attractively-valued
opportunities focused on the domestic economies of the Gulf. This
includes a substantial investment into local companies in Saudi
Arabia. GIF continues to offer significant diversification benefits
for global portfolios, thanks to the Gulf's idiosyncratic
markets.
With this strong performance has come a positive re-rating of
GIF's share price and a narrowing of its discount. The trust has
traded at asset value on average over the last 12 months, and is
currently trading on a 4.9% discount. It also has an enhanced
dividend policy targeting a total annual dividend equivalent to 4%
of the preceding year's net asset value (NAV).
Full Research:
https://quoteddata.com/research/gulf-investment-fund-gulf-economy-qd/
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