Remove ads

Introducing the LemonFools Personal Finance Calculators

CMHY vs IPE NCYF

Closed-end funds and OEICs
flyer61
2 Lemon pips
Posts: 162
Joined: November 11th, 2016, 12:53 pm
Has thanked: 30 times
Been thanked: 31 times

CMHY vs IPE NCYF

#130405

Postby flyer61 » April 6th, 2018, 3:14 pm

Anybody hazard a guess as to why CMHY is trading at a discount and the other two trade at hefty premiums?

OZYU
2 Lemon pips
Posts: 163
Joined: December 31st, 2016, 3:52 pm
Has thanked: 32 times
Been thanked: 107 times

Re: CMHY vs IPE NCYF

#130449

Postby OZYU » April 6th, 2018, 6:35 pm

flyer61 wrote:Anybody hazard a guess as to why CMHY is trading at a discount and the other two trade at hefty premiums?


Maybe this article, although I think the cracks might appear on all three over the next year or so.

https://www.theaic.co.uk/aic/news/cityw ... high-yield

Ozyu

flyer61
2 Lemon pips
Posts: 162
Joined: November 11th, 2016, 12:53 pm
Has thanked: 30 times
Been thanked: 31 times

Re: CMHY vs IPE NCYF

#130464

Postby flyer61 » April 6th, 2018, 7:54 pm

Thanks OZYU

it makes you wonder why the other two have not moved to a discount. I have always found cash easy to value and like buying it at a discount so maybe cycling towards CMHY is the way forward given I agree with their and your outlook.

I have sold a large amount of IPE over the last year and have sold my first tranche of NCYF today. Trying to buy quality equities in their place and excepting the decline in income.

Maybe the demand is so great for income at any cost that this is holding prices up.....one thinks of the emperor's clothes in times like these.

Stanley117
Lemon Pip
Posts: 67
Joined: December 27th, 2016, 1:11 pm
Has thanked: 3 times
Been thanked: 4 times

Re: CMHY vs IPE NCYF

#131854

Postby Stanley117 » April 13th, 2018, 8:45 am

flyer61 wrote:Anybody hazard a guess as to why CMHY is trading at a discount and the other two trade at hefty premiums?


John Baron is still holding IPE and NCYF in his portfolio's. He does not appear to be following the flight from High Yield Bond ITs.

Stan


Return to “Investment Trusts and Unit Trusts”

Who is online

Users browsing this forum: No registered users and 3 guests