Closed End Funds
Closed-end funds are mutual funds that offer only a limited and fixed number of units to investors. These units trade on stock markets rather than being redeemed by the fund, and as a result can trade at a premium or discount to the net asset value of the securities held by the fund.
JAPAN SMALLER CAP FUND $10.89 (New York symbol JOF; CWA Rating: Aggressive) invests mainly in less-widely-followed Japanese over-the-counter stocks.
The fund’s top holdings are Jupiter Telecom, Eagle Industry Co., Nichias Corporation, Tokai Rubber, Futuba Industrial, Aeon Delight, Disco Corp., Kansai Urban Banking, Suraga Corp. and Hisamitsu Pharmaceutical.
Japan Smaller Cap Fund sells for a 0.4% premium above the current value of its …read more »
Japanese stock markets remain volatile along with global markets. As well, a slowing U.S. economy would hurt Japan’s major export industries. However, overall, we think that Japan’s economy will continue to grow and push stock prices up.
JAPAN EQUITY FUND $7.83 (New York symbol JEQ; CWA Rating: Aggressive) invests mostly in large capitalization stocks on the Tokyo Stock Exchange.
The Japan Equity …read more »
Investing in regions or countries outside of Canada and the United States can entail above-average volatility and risk. But these areas can also offer vast potential growth.
We still think that for most investors, the best way to invest in those regions or countries is through mutual funds, rather than individual stocks. And you can invest even cheaper by buying closed-end …read more »
JAPAN SMALLER CAP FUND $11.39 (New York symbol JOF; CWA Rating: Aggressive) invests mainly in less-widely-followed Japanese over-the-counter stocks.
The fund’s top holdings are Jupiter Telecom, Suruga Corp., Nichias Corporation, Tokai Rubber, Futuba Industrial, Aeon Delight, Disco Corp., Kansai Urban Banking, Nagase & Company and Yokahama Rubber.
Japan Smaller Cap Fund sells for a 0.4% premium above the current value of its …read more »
Japanese stock markets have moved down lately along with global markets. As well, recent election losses by the ruling Liberal Democratic-led coalition may slow some economic and social reforms. However, overall, we think that Japan’s economy will continue to grow and push stock prices up.
JAPAN EQUITY FUND $8.12 (New York symbol JEQ; CWA Rating: Aggressive) invests mostly in large capitalization …read more »
CHILE FUND $21.02 (New York symbol CH) (CWA Rating: Aggressive) has net assets of $209.4 million U.S. It’s managed by Credit Suisse.
Prices for copper, a key commodity for Chile, are down from their highs, but still remain strong. Chile is a major exporter of copper, particularly to Asia. It’s the world’s biggest supplier of copper. Other important non-mineral exports are …read more »
JAPAN EQUITY FUND $8.61 (New York symbol JEQ; CWA Rating: Aggressive) invests mostly in large capitalization stocks on the Tokyo Stock Exchange.
The Japan Equity Fund’s top holdings are: Toyota Motor, Mitsubishi UFJ Financial Group, Mizuho Financial Group, Matsushita Electric Industrial, Nomura Holdings, East Japan Railway, Canon, Takeda Pharmaceutical, NTT and Honda Motor.
Japan Equity Fund is available for 2% less than …read more »
We’ve recommended a select number of closed-end mutual funds over the years in Canadian Wealth Advisor as a great way to buy high-quality assets at a discount.
As we’ve said, many closed-end funds eventually liquidate, or transform themselves into open-end funds. When that happens, much of the discount disappears overnight. The fund’s shares may then jump up to 30% or more.
A …read more »
SCUDDER NEW ASIA FUND $22.95 (New York symbol SAF; SI Rating: Aggressive) invests in a diversified portfolio of Asian and Pacific Rim stocks. It’s managed by Deutsche Asset Management.
Scudder New Asia has 24% of its assets in Korea, 17% in Japan, 16% in Taiwan, 15% in Hong Kong, and 8% in China.
The fund invests in companies with superior management, dominant …read more »
BRAZIL FUND $62 (New York symbol BZF) (CWA Rating: Aggressive) will not convert into an open-ended fund, as proposed by its managers. Shareholders rejected the plan at a special meeting.
Brazil Fund now trades at a 6% discount to its net asset value. Brazil is the most populous country in South America, and it has the biggest economy.
Brazil Fund is up …read more »
