|
Weiss Korea Opportunity Fund Ltd - South Korea-focused investor in preference shares - Reports a net asset value of £1.72 per share as at June 30, down from £1.83 as at December 31. NAV total return is negative 3.4%, underperforming against its benchmark, which has a total return of positive 6.7% over the six month period. Notes persistent high core consumer prices index inflation in South Korea and ‘significant’ household debt. ‘While year-on-year CPI increases moderated to 2.7% in June 2023 from a high of 6.3% in July 2022, core CPI increases remained in the 4% range in June 2023 from a high of 5% in January 2023,’ Weiss Korea emphasised. Highlights that it is not a macro fund, with the information offered to help characterise its performance relative to a market in which it is the most active. Current stock price: 155.00 pence closed 5.2% lower on Tuesday in London 12-month change: down 18% Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
