Ethos: That’s the spirit, time to accumulate
Ethos is not the biggest investment counter on the JSE, but IM believes there is an intriguing opportunity for a fairly rapid value uplift
29 July 2021 - 09:00
Investment trust structures are not easy to defend these days. The discounts are not only persistent, but also gaping.
Management’s ability to unlock value is often limited, and when there are bouts of value unlocking the market barely notices. In fact, questions about whether investment trusts are relevant in today’s markets are more than justified...
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